Scant supplies give a boost to red metal scrap

Dec 31, 2007 | 10:49 AM | Sean Barry

U.S. copper scrap prices have moved up on a continuing shortage of material despite lower prices for primary metal on the Comex division of the New York Mercantile Exchange.

March copper on Comex continued to trade at more than $3 a pound despite losing further ground. The metal settled at $3.041 a pound Monday, down 3.1 cents from Friday's close at $3.072 a pound and off from $3.0975 a pound about a week earlier.....

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