Scrap Metal News
Recycling industry news and updates from global markets
June 21,2024 10:30 AM
Gold prices dropped more than 1% on Friday, weighed down by a stronger dollar and higher bond yields after data showed strong U.S. business activity, while auto-catalyst metal palladium jumped to a one-month…
June 20,2024 06:30 AM
Gold prices rose more than 1% on Thursday to their highest level in two weeks, as recent U.S. economic data showing signs of a slowdown in the world's largest economy boosted bets for interest rate cuts…
June 19,2024 12:00 PM
Gold prices edged up on Wednesday after data suggesting lacklustre U.S. economic activity kept alive hopes for at least one interest rate cut this year. Spot gold was up 0.1% at $2,330.23 per ounce as…
June 18,2024 08:00 AM
It is a case of one step forward, two steps back for China's steel and iron ore sectors, with positive production data being countered by ongoing concerns over the struggling property sector.
June 17,2024 07:30 AM
China copper scrap imports have soared due to shortages of concentrate that is processed into refined metal used in the power and construction industries, but record high prices mean U.S. shipments are…
June 14,2024 08:00 AM
China's imports of zinc concentrates fell sharply over the first four months of this year in response to a tightening raw materials market.
June 13,2024 08:00 AM
The United States imposed sanctions on Wednesday on several Hong Kong firms, including VPower Finance Security, for aiding trade in gold produced by an already sanctioned Russian miner, the U.S. Department…
June 11,2024 08:00 AM
The strength in China's iron ore imports this year stands in stark contrast to the weakness in steel production and demand, setting up a dilemma as to how the contradiction will be resolved.
June 10,2024 08:00 AM
Copper production from Chile's state-run miner Codelco, the world's largest producer of the metal, dropped 6.1% in April compared to the same month last year to total 95,100 metric tons, data from copper…
June 07,2024 08:00 AM
A possible ban by Colombia's government on coal exports to Israel would violate international agreements and put market confidence and foreign investment at risk, the country's private mining association…
June 06,2024 08:00 AM
Ivory Coast's gold output hit a record high in 2023, helped by the opening of new mines, and will continue to grow further, mines minister Mamadou Sangafowa Coulibaly said on Thursday.
June 05,2024 08:30 AM
India's ministry of steel is against limiting imports of low ash metallurgical coke, a steelmaking ingredient, according to a source familiar with the matter and a government note, in a potential blow…