The demand for electric vehicles is forecasting to increase noticeably over the next ten years as technology improves, the price gap with petrol cars is closed and more electric chargers are deployed for mass public use. Electric vehicles use a significant amount of copper from their batteries, electric motors, and wiring used throughout the vehicle. A single car can have up to 19,685 feet of copper wiring coursing throughout, this equals to approx. 130-140 pounds of copper w

A slightly healthier supply of scrap is expected to meet a mill demand nearly even to last month’s levels, which would keep June’s scrap market sideways to down. One exception to this viewpoint could be the prime grades, which are expected to be sideways to strong sideways, primarily because demand could outpace supply. Several other important issues, from exports to transportation availability to finished steel prices to some volatile scrap inventories, still could make June