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Article: Long-term strength.(Nonferrous)(nonferrous metals value keeps increasing)
- Article from:
- Recycling Today
- Article date:
- March 1, 2005
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Market watchers believe nonferrous metals will hold onto much of their value during the first few months of this year.
While the late 2004 run-up in copper provided an opportunity for some retrenching to take place, stocks at the London Metal Exchange have declined. This should work to keep pricing high in a strong demand market.
China continues to play a key role in the copper market, while the improving U.S. economy also continues to benefit copper scrap pricing.
The Chinese New Year has been identified as having softened demand for copper in the first quarter, but this is expected to be a short-term situation.
Regardless, copper ...