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DOLLAR: The dollar index near 14-month lows makes industrial metals denominated in the U.S. currency cheaper for non-U.S. firms, which could boost demand. SCRAP: News that China may ban imports of some scrap metal from the end of 2018 started copper's rally from below $6,000 last week. China is the world's largest importer of scrap.
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The key determinants of success in this area are the ability to collect metals for recycling at the end of their useful life (old scrap collection rate), the ability to collect the scrap created upon manufacturing of goods (new scrap collection rate), and the efficiency of the recycling process.
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