ast week, after I went to an enormous departmental retailer I noticed that it was providing to take copper scrap at over Rs 600. It’s greater than what it affords for every other scrap. Such a proposal is a file one within the home market.
Second, in June this 12 months, 5 males dug up the Dadar-Matunga street in Mumbai and stole copper wire from MTNL cables. The wires had been value Rs 6-7 lakh. Such incidents have been reported in different nations too, notably the US.
The frequent hyperlink in each these is the costs of copper. In Could this 12 months, they surged within the world market to a file excessive of $11,015 a tonne. Costs have dropped to a 4-month low at present.
Watch the complete video to know extra about copper within the commodity market.
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