🚀 Copper & Aluminum Scrap Market Update (March 5, 2025) 🚀 🔶 Copper Scrap Market: ✅ Tariff Speculation: President Trump’s executive order on copper imports may lead to future tariffs, impacting electric vehicle & semiconductor sectors. ✅ Market Rush: Traders accelerating shipments to the U.S., pushing export stocks to **102,000 tonnes, highest since 2021. ✅ Price Trends: No. 1 copper scrap trading at $0.12-$0.16/lb discount, with strong demand from green technologies. 🔷 Aluminum Scrap Market: ✅ New 25% Tariff: Effective March 12, boosting domestic production but adding market uncertainty. ✅ Price Hike: Spot aluminum at 20,820 yuan/mt, pushing aluminum scrap prices higher (15,250-15,950 yuan/mt). ✅ Market Sentiment: Suppliers optimistic, expecting inventory shifts in March. 📌 Key Takeaway:Rapid policy shifts & economic trends are reshaping the scrap metal markets. Stay informed & adapt strategies accordingly! 🔍📈
Download the medial app to read full posts, comements and news.