The copper market rally is continuing. On 6 January, the LME price exceeded the $13,000 per tonne mark for the first time, after passing $12,000 in late December. This also pushed copper scrap prices to unprecedented levels.
According to the news agency MBI, wholesale buying-in prices for copper scrap on the German market rose by between €20 and €60 per 100 kilograms depending on the grade in the past week compared with the week before. Prices for brass scrap also increased by a further €10-20 per 100 kg. Zinc scrap gained €10, while lead scrap rose by €5. Prices for the stainless steel scrap grades V2A and V4A climbed by €3 and €5 per 100 kilograms, respectively. MBI also reported rising prices for aluminium scrap in Germany.
Subscribers can access the MBI price table for non-ferrous scrap metals in Germany along with historical data and market tools using the button below:
