The recent surge in copper prices might not lead to swathes of scrap being suddenly released into the market, as happened after a similar situation nearly a decade ago, sources told Fastmarkets this week. With the copper price recently reaching a multi-year high, all eyes are on whether scrap collectors will release a massive amount of secondary material into the rising market. In 2011, when the copper price rose above $10,000 per tonne, scrap dealers released huge volumes of legacy scrap into the market to cash in on the rising prices. The opposite happened when copper prices plummeted rapidly in March this year, with scrap suppliers reluctant to sell spot cargoes at that time.
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