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As the need for copper rises, cable manufacturers recycle more
In an industrial suburb of Montreal, sheets of copper move along a conveyor belt suspended four stories above the floor of a foundry — a metals plant — until they drop into a lava-hot furnace. Next come pieces of discarded copper wire. Out of the furnace comes liquid copper, alight with green fire. It travels to a second furnace and from there, a river of orange copper flows out, to be shaped into copper rods, the raw material for copper wire. This Nexans mill has made copper rod from ore for nearly a century. But now it also makes an increasing amount of it from used copper, with the rods containing some 14% ... (full story)
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- Posted: Jun 10, 2024 5:46am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 212
