Scrap Metal News
Recycling industry news and updates from global markets
February 25,2021 08:00 AM
Copper prices surged to their highest in almost a decade on Thursday as investors scrambled to buy metals as a hedge against potential inflation from ongoing central bank stimulus.
February 24,2021 08:00 AM
Mining firms in Chile, the world's No.1 copper producer, are cheering a rally in the price of the red metal that hit a 10-year high this week, but warned that costs could rise as labor unions and vendors…
February 23,2021 08:00 AM
An aerospace parts maker in California is struggling to procure cold-rolled steel, while an auto and appliance parts manufacturer in Indiana is unable to secure additional supplies of hot-rolled steel…
February 22,2021 09:00 AM
Gold rose more than 1.5% to a near one-week high on Monday, despite a jump in U.S. Treasury yields, as expectations for rising inflation triggered equity valuation concerns and drove investors towards…
February 19,2021 09:00 AM
Gold prices edged higher on Friday, recovering from a more than seven-month low hit earlier as the U.S. dollar eased, but rising Treasury yields kept bullion on course for its biggest weekly drop since…
February 19,2021 08:00 AM
The new United States administration seems in no rush to lift the aluminium and steel tariffs imposed by Donald Trump in 2018.
February 18,2021 07:00 AM
Gold lingered near 11-week lows in choppy trading on Thursday as investor optimism for a global economic recovery raised U.S. Treasury yields and made the precious metal less attractive.
February 17,2021 08:00 AM
Gold slipped to its lowest in over two months on Wednesday as surging U.S. Treasury yields and a firmer dollar continued to take a toll on the metal. Spot gold was down 0.2% at $1,790.90 per ounce by…
February 16,2021 12:00 PM
Gold and silver mutual funds and ETFs witnessed the biggest outflows in three months in the week ended Feb. 10 as investors put their money into soaring equities and high-yielding bond markets.
February 15,2021 09:00 AM
Benchmark copper leapt to its highest level in more than eight years on Monday, building on last week's solid gains driven by expectations of stronger demand and tight supply.
February 12,2021 08:00 AM
Copper prices dipped on Friday as Chinese buyers who had helped to fuel a scorching rally were absent during their Lunar New Year holiday and wider financial markets awaited further U.S. stimulus.
February 11,2021 09:00 AM
China has bailed out the copper and aluminium markets by importing record amounts of the rest of the world’s surplus metal.