Signs Of Life In Scrap Metal Market

Will scrap metal make a rebound? Metals such as copper and aluminum are closely watched by certain market participants due to their correlation with economic activity. The price of copper has been on a five year decline, for instance, as economic activity in China had slowed. Now, however, there are new signs of life in a little known sub-set of the copper and aluminum markets that may indicate a larger trend is about to begin. Signs of scrap metal market tightness are noted amid five year weakness Reports from around the world, most notably in Europe, are beginning to note…