Scrap Metal News
Recycling industry news and updates from global markets
February 02,2023 08:00 AM
Steel demand in the European Union is expected to drop 1.6% this year, hit by raging inflation, supply chain problems and cheap imports, industry group Eurofer said on Thursday.
February 01,2023 08:00 AM
Base metals have enjoyed a strong start to the year, the London Metal Exchange (LME) index rising by 9.4% over the course of January on high hopes for China's post-COVID reopening.
January 31,2023 08:00 AM
Gold prices on Tuesday were on track for their third straight monthly gain, helped by an overall weaker dollar and expectations around slower rate hikes from the U.S. Federal Reserve.
January 30,2023 08:00 AM
China raised export tariffs on unwrought primary aluminium and alloy at the start of this year after a rare burst of export activity in the first part of 2022.
January 27,2023 08:00 AM
Gold prices steadied on Friday after robust U.S. economic data was seen as fodder for the Federal Reserve to keep interest rates high for longer, but caution ahead of inflation data and the policy meeting…
January 25,2023 09:00 AM
Tin's rollercoaster ride spins into the new year, promising more thrills and spills after a tumultuous performance in 2022. London Metal Exchange (LME) three-month tin hit an all-time high of $51,000…
January 24,2023 08:00 AM
Gold prices pulled back from a nine-month high on Tuesday due to a slight uptick in the dollar and U.S. bond yields, although hopes of slower interest rate hikes from the Federal Reserve underpinned the…
January 23,2023 08:00 AM
Global aluminium production rose by a marginal 2.0% last year, a rate of growth that was down from 2.7% in 2021 and the slowest since 2019, according to the International Aluminium Institute (IAI).
January 20,2023 08:00 AM
China's copper buyers face higher costs for the metal this year, buyers and analysts said, after market disruptions from top importer Maike Group's financial woes and production glitches at domestic smelters…
January 19,2023 08:00 AM
The London Metal Exchange's (LME) nickel meltdown in March has cast a long shadow over trading activity on what claims to be the world centre for industrial metals pricing.
January 18,2023 08:00 AM
Gold prices rose on Wednesday as the dollar and bond yields weakened after data showing signs of cooling U.S. inflation cemented bets the Federal Reserve will slow its rate hikes.
January 17,2023 10:00 AM
Glencore Plc's (GLEN.L) huge Antapaccay copper mine in Peru is operating at "restricted" capacity due to anti-government protests that saw an attack on the facility last week, a company source told Reuters…