Non Ferrous Scrap News Today

As of yesterday, LME zinc opened at $2947/ton before moving down to a low of $2856/ton. It eventually closed down $33/ton or 1.12% at $2910/ton. Today, LME Zinc trading commenced at $2906/ton.

As of Wednesday, LME opened at $2568/ton and closed at $2545/ton. Today, the markets have opened at $2548/ton. SHFE opened at Yuan 20490/ton and closed at Yuan 20585/ton. Today the markets have opened at Yuan 20565/ton.

LME copper prices, yesterday, closed at $9,912/ton, down by 1.07%. Today, LME copper prices, trading at $9,942/ton, are up by 0.30%. The most active SHFE 2404 Copper contract, yesterday, settled at 78,820 yuan/ton.

Profiting from falling energy costs, Europe's biggest copper producer, Aurubis AG, reported higher than anticipated first-half core profit.

Cash copper contract hit a record high discount against the LME's 3-month forward, valued at $137.99 per metric ton, showcasing a price disparity in copper futures.

As of yesterday, LME zinc prices opened at $2,992/ton, and hit a high of $2,975/ton before falling back to $2,945/ton, and closing at $2,943/ton, up $35/ton or 1.2%. Today, LME Zinc trading commenced at $2951.50/ton.

LME copper prices, yesterday, closed at $10,020/ton, up by 0.90%. Today, LME copper prices, trading at $9,905/ton, are down by 1.16%. The most active SHFE 2404 Copper contract, yesterday, settled at 80,700 yuan/ton.

As of Tuesday, LME opened at $2589/ton and closed at $2569/ton. Today, the markets have opened at $2568/ton. SHFE opened at Yuan 20670/ton and closed at Yuan 20660/ton.

German copper plate market sees record high prices driven by rising momentum fund demand and strong industrial data. Increased copper prices in LME bolster German spot market. Rebounding commodities also fuel growth.

Osisko Metals reports a 30% increase in copper-equivalent content at its Copper Mountain deposit in Quebec, making it the largest undeveloped copper asset in eastern North America. It signifies a significant resource expansion.