Metals Hedge Fund Red Kite Says Copper Scrap Supply Has Tightened

(Reuters) Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability of the metal, the co-founder of metals hedge fund RK Capital Management, said on Wednesday. Crimped supply of copper, used in everything from wiring to construction, would drag on prices that have eased this year after surging in 2016.

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