ISRI Convention 2015: Copper Spotlight

The challenges seen with copper and copper scrap markets in the short term and where the metal may be headed over the next several years was the focal point of the Spotlight on Copper session, held during the recent Institute of Scrap Recycling Industries Inc. National Convention in Vancouver, British Columbia. Panelists at the session, including Patricia Mohr, an analyst with Scotia Bank; Herb Black, president of American Iron & Metal; and Adam Minter, a writer who covers the scrap recycling industry from an Asian perspective, highlighted a host of factors that have been driving copper and copper scrap markets. As for the global economy, while acknowledging that copper prices earlier this year had fallen to the lowest level since early 2007, she pointed out that the economies of many Eurozone countries and North America are starting to return from the recession. Adam Minter, who focused his presentation on China, said that the countrys aging population is creating some significant labor concerns, which are already having a major impact on labor-intensive industries such as the scrap metal industry. As for where he expects copper markets to be, Black, who said he has been trading copper for decades, expressed some exasperation on the role that these financial groups are having on the metals. Read Entire Article: