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Copper Wire Scrap Price in India Today

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by - 10/20/2021 776 Views

As of Today, Copper Wire Scrap Price per Kg in India(Delhi) is 684 INR.

Knowing Copper Wire Scrap Price in India is all-important if you are involved in the Copper Scrap recycling industry or trading. When buying or selling Copper Wire Scrap, it's very much needed to know about the current Copper Wire Scrap prices. In this article, you can get today's Copper Wire Scrap prices in India. If you're looking to buy or sell Copper Wire Scrap in India, here is everything you need to know. We have the information you need right here!

Copper Wire Scrap Price in India Today

As of Today, Copper Wire Scrap is trading at

Copper Wire Scrap Price (Delhi): Rs.684/KG

And Copper Prices are

Copper Price (MCX India): Rs.788/KG

To get Copper Scrap Price and Copper Base Metal Price instantly, please click here to find Current Copper Wire Scrap Prices and Base Metal Prices in India.

Monthly Copper Wire Scrap Price in India

Current-Copper-Wire-Scrap-Prices-Delhi-Scrap-Prices

             Watch the Latest Video of Copper Scrap Price Prediction - India

 

Why Copper Wire Scrap is in Huge Demand?

Copper Wire Scrap is a leading Scrap Metal that is imported and exported globally at a reasonable market price. Copper Wire Scraps are collected and recycled to make new Copper products. Copper Scrap recycling companies purchase Copper Wire Scrap in bulk for the recycling process. Copper Wire Scrap can be recycled repeatedly without losing its purity as Copper Scrap is 100% recyclable.

Copper Wire Scrap is a by-product that can be used to manufacture Copper Ingots. The major source of Copper, which is a non-renewable resource, is extracted from various industrial sectors like Electrical & Electronics (EEE), Industrial Machinery & Equipment (IME), Transportation (TRANS), and others. One of its main usages is producing electrical wiring-related products, mainly because it’s easy to work with and solderable. It also has high conductivity properties. The growth of industrialization and urbanization has led to an increase in demand for Copper Wires over the past few years owing to increased usage in industries like construction, electrical goods, industrial equipment, etc.

Copper Wire Scrap is one of the highly recycled metals globally. Copper Wire Scrap is classified into three categories as per ISRI Specifications. They are BARLEY No.1 Copper Wire Scrap, BERRY No.1 Copper Wire Scrap, and BIRCH No.2 Copper Wire Scrap. Copper Wire Scrap is the most valuable and highly paid Copper Scrap grades. Copper Wire Scrap contains 99.9% Copper content and is free from all kinds of impurities. Due to its high purity content, Copper Wire Scrap is priced high and hugely purchased for the recycling process as it requires minimal refinement.

The demand for Copper has doubled high since 2020. Much of that growth can be attributed to an increase in Asian countries, especially China. Copper is used to make buildings, electricity lines and, automobiles more efficient. As construction booms across Asia, Copper will continue to be needed for wiring and pipe fitting. Almost all Copper products are made from recycled Copper Wire Scrap rather than ore mined out of the ground. About 80 percent of all Copper used by industry comes from Scrap Metal.

Will Copper Prices go further up in 2021?

Copper Base Metal is used in construction, electricity, electronics, automobiles, and new energy products, which has gained 36 percent since the beginning of this year and 55 percent year-on-year.

Presently, Copper’s demand and usage in Energy Transition have pushed Copper prices to Record Highs (Rs.805/KG on the 19th of October 2021). The energy transition will benefit Copper in the long term as the demand for Copper is rising by electric vehicle sales and renewable energy sources.

Vanessa Davidson, CRU director of base metals research & strategy, says, while global Copper consumption was set to increase by 5% in 2021 and then halve in 2022 to 2.5%, the medium-term outlook for demand was still "extremely positive" due to the green energy transition.

CRU's forecast for EVs, renewables, and other green applications in terms of refined Copper, estimated that green application would consume 1.2 Million MT of refined Copper in 2021, representing 5% of the world total, Davidson said. The demand for Copper will rise to 10% by 2025 and 20% in 2030, which is equivalent to nearly 6 million MT of refined Copper. So, Copper’s demand in the Energy Transition sectors will further push Copper prices to all-time highs.

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Category : Copper

Tags : Copper Wire Scrap, Copper Wire Scrap Price, Copper Wire Scrap Price in India


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About Jenisha Rajakumar

I'M a Research Analyst and Content Creator at RIM. Currently I'm researching on Copper Prices around the Globe and the impacts on Copper Scrap Prices with regard to COMEX, LME, SHFE and MCX. .... more info

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