
Non-ferrous frenzy fades
To understand this (short) week, we have to look at what happened last week
To understand this (short) week, we have to look at what happened last week
The copper market: The good, the bad, the ugly
Production growth had been forecasted at 3.7% by the group in October 2023.
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
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.
Non-ferrous recycled metals market faces slow flow despite high demand.
RMU anticipates participating, connecting with fellow attendees, and absorbing insights from over 150 speakers.
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.
Spreads were widening towards the end of March but looks to be slight retreat to start the April.