Scrap Metal News
Recycling industry news and updates from global markets
January 17,2022 10:00 AM
The copper market remains decidedly out of favour among the investment community with fund positioning extremely light by historical standards.
January 17,2022 07:00 AM
The European Union has extended for five years minimum prices for electrical steel from China, Japan, Russia, South Korea and the United States on the basis that producers would otherwise dump it on the…
January 14,2022 10:00 AM
France’s main aluminium smelter is not planning to adjust output further after recent cuts as it waits for government relief measures on electricity prices to take effect, a spokesperson for the site…
January 14,2022 07:00 AM
Gold prices slipped on Friday, weighed down by an uptick in Treasury yields on prospects of U.S. interest rate hikes and a stronger dollar.
January 13,2022 09:00 AM
Soaring electricity prices in Europe have triggered cuts in energy-intensive production of aluminium. Out of Europe’s total aluminium capacity of 4.5 million tonnes, Bank of America reckons about 650,000…
January 13,2022 08:00 AM
Gold prices held a tight range on Thursday as investors waited for more economic cues and clarity on the Federal Reserve’s interest rate hike trajectory, but a retreat in the dollar kept bullion close…
January 12,2022 09:00 AM
Nickel prices surged to their highest in a decade on Wednesday as investors bet automakers will have to scramble to secure supplies for their electric vehicle batteries as inventories dwindle.
January 12,2022 08:00 AM
Gold prices retreated on Wednesday ahead of U.S. inflation data that could provide further direction on U.S. monetary policy after comments from the Federal Reserve Chair lifted bullion in the last session.
January 11,2022 09:00 AM
Chinese stainless steel futures surged more than 5% on Tuesday, boosted by tight supply concerns as producers cut production, while strong raw material prices also offered support.
January 11,2022 08:00 AM
Costs of aluminium for European consumers are scaling record highs due to soaring energy costs and production cuts, which have exacerbated deficits of the metal used in the power, construction and packaging…
January 10,2022 07:00 AM
Nickel prices held near their highest in more than two months on Monday boosted by demand from the electric vehicle battery sector lowering stocks held in London Metal Exchange (LME) approved warehouses.
January 07,2022 09:00 AM
Global copper smelting activity was steady in December, as a slowdown in China was offset by gains elsewhere, including other parts of Asia and North America, data from satellite surveillance of copper…