SMM

[SMM Analysis: Tight Supply of Secondary Copper Raw Material Leads to Premium Bidding] This week, copper prices fell back from highs and then stopped falling and began to rebound. Although the overall weekly decline was about 400 yuan/mt, the price of bare bright copper in Guangdong rose instead of falling, increasing by 100 yuan/mt. This price trend was mainly driven by insufficient market supply, which struggled to meet the continuously growing demand. Secondary copper rod and anode plate enterprises resumed production, significantly increasing the demand for raw materials...