The Iran crisis has increased price volatility on the metal exchanges. On the LME, copper prices reversed course after their surge at the end of February and fell again, by almost $500 per tonne, in the first week of March. Aluminium prices, by contrast, rose significantly.
In the German non-ferrous scrap metals market, however, wholesale traders reported further price increases last week.
According to the news agency MBI, the copper scrap price increased at the start of the past week by €5–25 per 100 kilogrammes on the German market, depending on the grade. Brass scrap became €5–15 more expensive, while prices for chrome-nickel steel scrap increased by €5. In the aluminium scrap market, only the higher-grade materials – pure aluminium wire and extrusion cuttings scrap – recorded price increases, according to MBI.
Subscribers can access the MBI price chart for non-ferrous scrap metals in Germany along with historical data and market tools using the button below:
