After prices collapsed in mid-May, the LME copper quotation recovered at the end of the month and is now well above the $8,000 mark again. Non-ferrous scrap metal merchants in Germany also report rising prices.
According to the news agency MBI, wholesale buying price for copper scrap rose by €15 per 100 kilograms in the week commencing 29 June in Germany. Brass scrap increased in price by €5-10 per 100 kg, while prices for old zinc and aluminium scrap moved sideways.
On the sales side, the German metal traders' association VDM reported an increase of €140 per tonne for the copper scrap grade Kabul. The price for brass scrap (Milbe) rose by €80/t in weekly comparison. In contrast, old scrap zinc (Zebra) lost €30/t in value.
You can access the price tables for non-ferrous scrap metals in Germany along with historical data and market tools using the buttons below: