China’s Secret Weapon in the Global Copper War

Via Metal Miner Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer and consumer of refined copper continues to run production at near-record levels. Lending a helping hand in this endeavor is copper scrap, which China uses to get around the shortage of raw materials. According…