Part of the Scrap Monster editorial team for the past three years, Anil Mathews has been involved in developing relevant and informative news write-ups on global recycling trade. Proficient in researching information on recycling market trends, Anil keeps track of the latest happenings in and around the industry. Possessing adaptive range of writing styles, Anil's articles pay unique attention to evolving technologies capable of redesigning today's recycling industry. His articles cover recycling business trends and developments, chiefly pertaining to Asian markets.
The underinvestment in copper over the past decade is causing supply problems now, at a time when prices have shot up and green initiatives create higher demand for the metal, says commodity analyst Reid I’Anson of market intelligence firm Kpler.
China announced plans on Wednesday to release copper, aluminium and zinc from its national reserves to boost market supply and guide commodity prices to a return to normal ranges.
Copper prices fell to their lowest in two months on Thursday after the U.S. Federal Reserve brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.
China's vast steel sector, and the iron ore industry feeding it, is grappling with a seemingly contradictory policy impulse that it should produce less this year, even as demand remains strong amid post-pandemic stimulus spending.
