Copper Scrap Prices Surge 40% in Eight Months
Copper scrap prices in Kerala rose from 720 to 1,010 rupees per kilogram over eight months. This marks the sharpest increase in five years, driven by US tariff fears and supply constraints.
Copper scrap prices in Kerala increased by 40 to 45 percent in the last eight months. The average price rose from 720 rupees per kilogram in November 2025 to 1,010 rupees by July 2026. This is the steepest rise recorded in five years.
The London Metal Exchange benchmark reached 14,700 dollars per tonne this month. It previously crossed the 12,000-dollar mark in December. Global traders cite a proposed 15 percent US import tariff on refined copper as a primary driver.
Alloy prices track copper upward
Brass and bronze prices followed the same trajectory due to high copper content. Brass increased from 477 to 672 rupees per kilogram. Bronze rose from 475 to 687 rupees per kilogram during the same period.
Scrap aluminium prices gained 21 percent in eight months. Iron and steel prices remained relatively stable with a 5 percent rise. Government export restrictions on steel limit further price increases.
Supply chains face tightening pressure
US traders are stockpiling metal ahead of potential tariffs. This behavior creates shortages in other global markets. Demand from electric vehicle and artificial intelligence sectors adds to the pressure.
Mining interruptions and China export curbs contribute to the supply crunch. Geopolitical conflicts disrupt cargo shipping routes. Indian traders may also be hoarding inventory, according to GN auto markets/commodities: copper prices.
Long-term price trends show growth
Copper prices have more than doubled since July 2021. Annual growth rates between 2021 and 2025 ranged from 6 to 17 percent. The current surge represents a sharp acceleration from this steady trend.
