Rising prices galvanize demand for scrap copper in China

Описание: As the global demand for copper pushes up the price of the metal, recycled copper processing plants in China are remaining busy.

Since the beginning of this year, London Metal Exchange copper futures prices have continued last year's upward trend, reaching a record high of 14,527 U.S. dollars per ton.

Now those inflated prices are creating a surge in demand for scrap copper.

At a copper processing company in east China's Zhejiang Province, high-copper-content cables, radiators, pipes are being picked apart.

A company representative explained that recycled copper can be used together with primary copper smelting from ore in both midstream and downstream processing stages, meaning scrap copper can be considered a raw material.

And because recycled copper is cheaper than primary, global competition for scrap resources has become extremely fierce.

Copper is one of the most electrically conductive materials that is widely used in the AI, EV, and green energy sectors.

Its price hike is due to demand that has rapidly outpaced supplies.

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