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factors influencing the demand and supply of copper

Analyzing the current market trends, prices, and factors influencing the demand and supply of copper globally

Currently, the global copper market is characterized by several key trends and factors influencing both demand and supply dynamics, alongside fluctuating prices. Let’s read some interesting market trends, prices and factors influencing the demand and supply of copper globally. Demand for copper remains robust, primarily propelled by burgeoning infrastructure projects worldwide and the accelerating transition …

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India: Melting scrap prices remain stable for third consecutive day in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, held steady for the third consecutive day on 12 Apr 24. According to BigMint’s assessment, HMS (80:20) prices remained at INR 34,700/ t ($416/t) ex-yard. Semi-finished steel prices remained almost steady in yesterday’s trading session in the region, and moderate trade activities in scrap prompted suppliers to keep …

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Bank of America says the copper supply crisis is here

By Steve Goldstein Analysts say gold can reach $3,000 an ounce Copper was thought to be headed toward a supply crisis as the world adopts electric vehicles and other greenification measures. And now that crisis is here, say Bank of America metals strategists led by Michael Widmer. “The much-discussed lack of mine projects is becoming …

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India: Melting scrap prices remain unchanged d-o-d in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged d-o-d on 10 Apr’24. According to assessment, HMS (80:20) prices were at INR 34,700/t ($417/t) ex-yard. Semi-finished steel prices held steady in the region during yesterday’s trading session, and moderate buying inquiries for scrap at current price levels encouraged scrap suppliers to maintain firm offers today

MYSTEEL: Weak demand to weigh on China ferrous scrap prices

Chinese prices of ferrous scrap may come under further downward pressure in April, as the demand for scrap among domestic steelmakers is likely to stay lukewarm, Mysteel’s latest survey suggests. Last month, the country’s steel scrap prices experienced a steep fall, in parallel with the prices of almost all ferrous commodities, Mysteel Global noted, since …

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Bill Gates & Amazon backed world’s first green steel plant starts operation

Bill Gates and Amazon-backed startup, Electra, marks a groundbreaking moment with the unveiling of the world’s inaugural green steel production plant in Colorado, USA. The innovative facility, powered entirely by renewable energy, pioneers a revolutionary approach to steel manufacturing, aiming to significantly reduce the environmental footprint associated with traditional methods. At the core of Electra’s …

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PM Modi wears recycled Sadri blue jacket made from plastic bottles during chat with Bill Gates

Prime Minister Narendra Modi emphasized the significance of recycling and reusing materials during a discussion with Bill Gates. He showcased his sleeveless jacket, made from recycled plastic bottles and leftover cloth pieces, as an example of sustainable fashion. Modi’s wardrobe choice was lauded by BJP leaders for promoting eco-friendly practices and addressing climate change. Indian …

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