Scrap Metal News
Recycling industry news and updates from global markets
April 26,2024 08:10 AM
Newmont Corp (NEM.N), opens new tab beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from robust production, higher prices and lower operating…
April 25,2024 08:00 AM
Spanish steelmaker Acerinox said on Thursday it expects earnings before interest, taxes, depreciation and amortization (EBITDA) to improve only slightly in the second quarter due to the weak European…
April 24,2024 07:00 AM
Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased, while investors strapped in for U.S. economic data due later in the week that could offer clues to the Federal…
April 23,2024 08:00 AM
Gold prices steadied on Tuesday after hitting a more than two-week low on diminishing fears about an escalation of tensions in the Middle East, with investors awaiting key economic data for further clarity…
April 22,2024 12:00 PM
Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity…
April 19,2024 08:00 AM
Gold prices held firm on Friday, on track for a fifth consecutive weekly rise, as fears of further tit-for-tat retaliation between Iran and Israel triggered safe-haven demand.
April 18,2024 08:00 AM
Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal's appeal despite robust economic data from the U.S. that raised prospects of fewer interest rate cuts.
April 17,2024 08:00 AM
Aurubis (NAFG.DE), opens new tab, Europe's largest copper producer, plans to eschew large acquisitions and instead build a network of recycling facilities across the globe as part of its focus on organic…
April 16,2024 08:00 AM
Gold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions in the Middle East.
April 15,2024 08:00 AM
Russian copper producer RCC and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar with the matter…
April 12,2024 08:00 AM
U.S. Steel (X.N), opens new tab shareholders on Friday approved its proposed $14.9 billion acquisition by Japan's Nippon Steel (5401.T), opens new tab, taking the merger one step closer to completion…
April 11,2024 09:00 AM
The London Metal Exchange (LME) tin price has surged to near two-year highs this week as exchange inventory slides and yet another threat to an already stressed supply chain emerges.