-
Secret Weapon in the ‘Copper War’?
Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer and consumer of refined copper continues to run production at near-record levels. Lending a helping hand in this endeavor is copper scrap, which China uses to get around the shortage of raw materials. According to a Reuter’s report, not every country is feeling the copper shortage, and China is one of them. ... (full story)