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US copper scrap prices hold ahead of Thanksgiving holiday
It’s “quiet on the copper front this week,” a source said on Tuesday November 21. Fastmarkets’ assessment of the discount for copper scrap No1 copper, delivered to brass mill US remained at 7-10 cents per lb on Wednesday, flat since June 7. Fastmarkets’ assessment of the discount for copper scrap No1, delivered to refiners was also stable at 10-13 cents per lb on November 22, flat since October 4. A second source also said that the market is “very quiet” with “no changes to spreads.” Discounts to brass ingot makers were a bit more mixed on the week. Fastmarkets’ assessment for the copper scrap No1 ... (full story)