Copper exports jump past 70,000T mark
Dec 27, 2004 | 09:36 AM
| Joe McCann
U.S. exports of copper and brass scrap began the fourth quarter with a bang as the weak dollar spurred a foreign buying binge.
Even with copper scrap prices trending to the highest level in four years, offshore sales of the material spiked yet again, breaking through the 70,000-short-ton barrier for the fourth time in 10 months.According to the latest U.S. Commerce Department figures, 72,508 tons of copper and brass scrap were shipped overseas in October, the third-largest monthly total in 13 years, and the average price of 58 cents per pound was the highest level in four years.....
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