China's copper scrap market to remain tight on limited supply
The Chinese copper scrap market is expected to remain tight as the pandemic and global economic downturn worsen an already limited supply caused by global trade restrictions, a JCC Renewable Resource executive said on Thursday.
"Due to increased uncertainty of the global economy and the aftermath of COVID, the market for raw material is in tight supply," said Huang Yifu, vice general manager of Chinese scrap company JCC Renewable Resource.