The copper price rally on the London Metal Exchange (LME) is continuing in October. Last Thursday, the three-month copper contract reached $10,880 per tonne. This was highest level since May 2024, falling just short of a new all-time high. The positive performance on the exchange also led to significant price increases on the non-ferrous scrap metals market.
On the German market, wholesale buying prices for copper scrap rose by €35-45 per 100 kilogrammes compared with the previous week, according to the news agency MBI. Brass scrap became €15-20 more expensive, while red brass scrap increased by €25 per 100 kg. Prices for old zinc scrap and all aluminium scrap grades covered by MBI were also up by €5. The stainless steel scrap grades V2A and 316 V4A remained unchanged from the previous week.
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