Recovery in the Copper Scrap Market Will Lead to Reduced Demand for Cathode Post COVID-19 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com published a new article on the copper industry "Recovery in the Copper Scrap Market Will Lead to Reduced Demand for Cathode Post COVID-19"

Analysts have predicted that copper prices could stabilize in future quarters despite a recent surge in value to pre-pandemic levels. Three month copper futures on the London Metal Exchange rebounded past the $6,000 dollar threshold by the end of June. This recovery was influenced by several factors including the pace of China’s economic recovery, rising demand for renewable energy and electric vehicles as well as financial stimulus measures from global central banks such as the US Federal Reserve and the People’s Bank of China.

Another factor influencing the quick recovery in prices is the disruption to copper scrap trading. Copper scrap trading was particularly affected by the COVID-19 crisis which has led to a shortage of scrap metal. As a result. China increased its imports of copper cathode to make up for the shortfall However, it is likely that recovery in the scrap market will lead to reduced demand for cathode which may have a stabilizing effect on copper prices.

To see the full article and a list of related reports on the market, visit "Recovery in the Copper Scrap Market Will Lead to Reduced Demand for Cathode Post COVID-19"

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.