Eldorado crushes first ore at Skouries, eyes Q3 output

The trace

How it reaches your house.

Starting from Glencore (Copper), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.

1. First impact

   Glencore (Copper) →Prices ease

   Copper scrap (secondary copper)

   Skouries adds new copper supply to the market, and Glencore’s moderately substitutable copper-scrap feedstock would face some downward price pressure as primary supply expands.

   39% confidence

2. Hop 2

   Copper scrap (secondary copper) →Stands to benefit

   Aurubis AGNDA

   Aurubis sources copper scrap as an input, so softer scrap prices from added future copper supply would ease its feedstock costs.

   45% confidence

   Copper scrap (secondary copper) →Stands to benefit

   Wieland Group

   Wieland is an input buyer of copper scrap, so a copper-supply-driven softening in scrap prices should reduce its raw-material cost.

   40% confidence

   Copper scrap (secondary copper) →Stands to benefit

   Umicore NV/SA