ICSG revises 2024 copper forecast
Production growth had been forecasted at 3.7% by the group in October 2023.
Production growth had been forecasted at 3.7% by the group in October 2023.
Concerns about securing aluminum and copper scrap supply amidst expanding global recycling capacity
The global copper market is still tight due to situations like the shut down of First Quantum’s Cobre Panama mine, taking production off the market.
Spreads tightening. Economic outlook is promising.
Kataman Metals globally trades about 300,000 tons of copper, aluminum, iron, and other scrap raw materials annually.
Spreads aren't improving. Supply shortage persists.
The projects are part of a larger, $6-billion DOE agenda funded by the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA).
Spreads are narrowing on aluminum scrap, while remaining unchanged in copper scrap.
Trends, transitions, and eco-friendly initiatives
Spreads remain unchanged as concerns about the shortage of supply persist within the scrap community.