China's March waste imports plunge from a year ago as refuse rules start
BEIJING, April 23 (Reuters) - China's scrap metal imports in March fell by 24.6 percent from a year ago as new curbs on foreign solid waste came into effect, while waste paper imports slid by 54.2 percent and the country imported zero waste plastic. New impurity limits - set at 1 percent for nonferrous ..
Ben Weitsman undertakes renovation project
The scrap yard was acquired by Weitsman in 2010 and has quickly become one of Upstate Shredding – Weitsman Recycling's highest customer volume and most profitable yards in the network. The company says the Syracuse area facility, located in Solvay, New York, is the latest yard to receive capital ...
Trinity Metals purchases building in Indianapolis
Trinity Metals, headquartered in Indianapolis, says April 17, 2018, it finalized the purchase of a 70,500-square-foot specialty metals processing facility it had previously been leasing. The building houses value-added processing equipment and processes 40 million pounds of aluminum and other ...
Gold / Silver / Copper Prices - Weekly Outlook: April 23 - 27
Among base metals, copper for May delivery was slightly higher at $3.137 in late trade for a weekly gain of 2.09%. Ahead of the coming week, Investing.com has compiled a list of significant events likely to affect the markets. Monday, April 23. The euro zone is to release data on manufacturing and ...
European aluminium premiums 'will fall' after US sanctions loosen With the threat of secondary sanctions on non-US parties being removed, more market participants are expected to be able to use Rusal metal, which was shunned when the US Treasury sanctioned the company. There are also expectations that non-US banks might be able to finance fresh Rusal ...
Metals Cap Turbulent Week as Rusal Sanctions Fuel Supply Fears
“The market is in complete shock right now,” David Wilson, strategist at Freepoint Commodities, said in an interview in Shanghai. “Everybody in the metals business who has operations in the U.S. is going, 'we can't use this stuff.' And that means millions of tons of metal that can't be used." ...
Gold Sees Some Profit-Taking From Recent Gains
June Comex gold futures were last down $6.50 an ounce at $1,347.00. May Comex silver was last down $0.002 at $17.24 an ounce. A feature in the ... Copper bulls' next upside price objective is pushing and closing prices above solid technical resistance at 325.00 cents. The next downside price ...
BRIEF-Commercial Metals Company Announces Proposed Private Offering Of $350 Mln Of Senior ...
April 19 (Reuters) - Commercial Metals Co: * COMMERCIAL METALS COMPANY ANNOUNCES PROPOSED PRIVATE OFFERING OF $350 MILLION OF SENIOR NOTES DUE 2026. * COMMERCIAL METALS - TO USE OFFERING'S PROCEEDS TO FINANCE PART OF ACQUISITION OF CERTAIN ...
LME nickel price rallies 10% amid 'sanction hysteria'
Nickel prices on the London Metal Exchange are trading at their highest since December 2014, with concerns about further sanctions fueling a significant rally, sources said. The three-month price rocketed to $15,875 per tonne in early afternoon on Wednesday April 18 – hiking over 10% from Tuesday's
Reliance Steel & Aluminum Co. (NYSE: RS) provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. Its primary processing services comprise cutting, ...
(Adds analyst comment, updates prices, changes dateline from MANILA). By Eric Onstad. LONDON, April 17 (Reuters) - Weak industrial data in top base metals consumer China weighed on prices on Tuesday, but aluminium was expected to resume its rally as U.S. sanctions disrupt supplies from the ...e
Scrap Metal Recycling Market Feasibly Analysis for Investors and Companies
Scrap Metal Recycling Market report is carefully designed to help new entrants and the old players in the Scrap Metal Recycling market to achieve their business and product goals. It will also be helpful to key executive (CEO and COO), potential investors, manufactures, strategy growth managers, and ...
Scrap wrap: Turkish price slide halts
Although Turkish import scrap prices for northern Europe-origin material were up by $0.59 per tonne week on week on Friday after mills returned to buying activity, small decreases were recorded in Indian and Taiwanese import prices as well as containerized US export prices over the past seven days.
Weekly Commodities Report: Trade War Concerns And Syria Tensions Fuel Safe-Havens
Copper prices saw a particularly volatile session this week, falling back quickly after rally initially on the week. The upside move in copper which was fuelled initially by Trump's election campaign has seen a strong loss in momentum over recent months. Indeed, institutional positioning data shows that ...
80000 lbs. (approx.) of Insulated Copper Wire with foreign attachments. Hoppers not included in ...
The price will be adjusted every month beginning with the first full month after the start of the contract. The price will be adjusted during the second week of the month. The revised price will be determined by taking the price of AMM No2 Heavy Copper Wire Seattle on the first Thursday of the month and ...
Can China fill aluminum shortage after Rusal sanctioned?
But a tangle of tariffs will obstruct flows to the United States so aluminum consumers will need to find other solutions as well, industry experts said. International prices, which have shot up more than 10 percent since the sanctions were announced, will have to rise further to lure exports from China, whose ...
Analysis: Aluminum market direction uncertain as Rusal sanctions' impact unfolds
European aluminum industry sources continue to hold mixed views on the market's likely direction after Russian aluminum producer Rusal was ... S&P Global Platts metals market reports feature global news, analysis, daily pricing, and commentary on major metals including aluminum, copper, lead, tin, ..
DAILY SCRAP REPORT: Turkish mills resume May bookings
Turkish steel mills resumed their deep-sea scrap purchases on Wednesday April 11, with slightly lower prices from Baltic Sea suppliers. A steel producer in the Izmir region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $352 per tonne and bonus at $362 per tonne cfr on Wednesday.
Trump's Latest Foreign Policy Moves Have Been Great for US Aluminum Makers
The U.S. aluminum premium, or the amount added to the LME price to ship metal to the U.S. Midwest, rose to 19.5 cents a pound, up from 18.4 cents. Aluminum for delivery going out to December of 2019 surged, which future months ranging from 18.5 cents to 19.8 cents a pound. For Alcoa, every 2-cent ...
Trading Giant Keeps Faith in Copper Despite Rising Trade Tension
Copper prices have dropped below $6,800 a metric ton on the London Metal Exchange, down 6.6 percent year to date, but they'll remain comfortably above last year's average of $6,200, he said, speaking ahead of Cesco copper week in Santiago, one of the industry's biggest annual gatherings.
China-led EV boom to boost aluminum industry: panel
The aluminum industry will benefit from the electrification trend currently observed in the automotive industry, according to market participants speaking ... in which the availability of 'end of life' scrap is higher than the demand, because with more saturation of aluminum in the life cycle curve, less casting ...
Trump's Aluminum Victory May Baffle Buyers as US Premium Jumps
“The global aluminum market was certainly substantially overbought on fears of Chinese supply constraints and cutbacks in production, which was exacerbated by tariff fears,” Tai Wong, the director of metals trading at BMO Capital Markets Corp., said by telephone. “Aluminum prices have dropped ...
Silent Circle founder joins metals-backed crypto coin project
T-Coin comes in three 'flavours': those backed by metals used in technology (copper, tin), electric vehicles (cobalt, nickel, aluminum) and the precious metals (gold, platinum, palladium). According to Tiberius Groupexternal link CEO Christoph Eibl, the relatively predictable price range in which these ...
Move to EVs to be 'dramatic' for metals: Penny
Penny noted that hybrid battery vehicles in the United States currently account for 9% of the market, with annual growth of 18%; battery EVs have ... See the full interview in the April issue of Metal Market Magazine, which carries in-depth feature articles, analyses and reviews of metal and steel markets.
Turkey scrap import market recovers amid constrained supply
The Turkish market for imported scrap rebounded Thursday as constrained collection in major supply hubs offset the impact of a tanking lira. A European merchant sold ex-Bremen, Germany at $355.50/mt CFR 17,000 mt of heavy melting scrap 1/2 (75:25), 4,000 mt of bonus and 4,000 mt of busheling, ...
Copper Investing Bears Pounce on Red Metal
“Copper is still down 8% so far in 2018 and the bellwether metal's dimmer prospects is nowhere more evident than on derivatives markets and the shift in positioning of large-scale derivatives speculators such as hedge funds,” reports Mining.com. “While continuing to add to bullish gold bets (up 42% ...
Japan's spot aluminum premium stays flat but demand outlook strong
S&P Global Platts assessed the spot Japanese aluminum import premium at $102-$109/mt plus London Metal Exchange cash CIF Japan, ... The only activities seen were end-users calling traders to set their LME price for April deliveries, as LME cash price fell below $2,000/mt this week after four months ...
Shanghai copper premium at 17-month high on VAT cut on imports
On Wednesday, the premium for copper cathodes on a cif basis rose by $3 to $78 per tonne, the highest level since October 31, 2016, according to Metal Bulletin assessments. The adjustment came after multiple spot deals for ER cathodes and SX EW cathodes were captured at per-tonne prices in the ...
FOCUS: US-China trade war pushes domestic Chinese ADC 12 prices up; export prices down on ...
Aluminium ingot ADC 12 export prices fell after China dealt a serious blow to the raw material market with a blanket 25% tariff on US aluminium scrap. ... Under the tolling deals, Chinese secondary alloy producers can import raw materials such as aluminium scrap from overseas and produce products ...
US aluminum scrap tariff takes effect in China
The ministry's announcement claims the suggested tariffs on metal received widespread support within China during a brief comment period. A scrap trader contacted by Recycling Today said aluminum scrap buyers in China had been scrambling to clear shipments of zorba, twitch and other types of ...
US steel industry group cheers EPA move to revist emission standards
A move by the US Environmental Protection Agency this week to revisit federal greenhouse gas standards set by President Barack Obama's administration is a positive for the US steel industry, according to American Iron and Steel Institute CEO Thomas Gibson. EPA Administrator Scott Pruitt on Monday ...
Tariff on international steel imports jolts players in the metal industry
American steel companies have not lost employees because of foreign competitors, they have lost them to their domestic competitors through innovation.” As far as the recycling business is concerned, Cozzi said the jury is still out as to how it will affect the industry. “If the volume of scrap generated ...
Bitcoin Isn't Money And It Isn't Mining Either
... most other things that are mined or pumped out of the ground have a degree of separation between the value and use of the commodity and mining process. If the price of oil drops, drilling stops until it is profitable to drill again. If the price of copper drops, mining stops until it is profitable to mine again.
Investment outflow from Canada already underway in 'real time': RBC head
“But if we don't keep the capital here, we can't keep the people here — and these changes are important to bring human capital and financial capital together in one place.” Since the election of U.S. President Donald Trump, Canada's investment landscape has been dealing with deep uncertainty related ...
