Scrap Metal Prices

CME METAL Prices  


Scrap Metal Prices & Recycling News
Short term risks for precious, base metals but patience to be rewarded
Lead poisoning rampant in India battery recycling
Exxon Valdez looks headed for scrap recycling

Short term risks for precious, base metals but patience to be rewarded

By (ScrapMonster Author)
March 24, 2012 12:32:49 PM
Short term risks to precious and base metals investors' "patience to be rewarded" in the longer term, said TD Securities in a briefing.

LONDON (Scrap Monster):  Short term risks to precious and base metals investors’ “patience to be rewarded” in the longer term, said TD Securities in a briefing.

Slowing income growth in China, higher taxes on gold imports in India and dying hopes of more U.S. quantitative easing mean short-term downside risks to gold, TDS said.

Less-robust demand in China and any disappointments in U.S. economic data mean risks for platinum, palladium, copper and other industrial metals, TDS says. Still, TDS describes the commodity picture as “positive” for the longer term.

“With the Fed likely keeping interest rates at record lows well into 2014 and recent massive Fed/ECB monetary base expansions not getting unwound anytime soon, the global financial system will be flush with cash for the foreseeable future,” TDS added.

“Also, with the global economy expanding in a more solid way in the second part of the year coupled with energy remaining high and feeding into inflation, investors should get more excited about gold as a safe haven well into 2013,” they continued.

Meanwhile, industrial metals should draw support from easier monetary policy and government fiscal action in China, plus a Western world recovery that tightens these markets and lifts prices.

 “Supply constraints present in the palladium and copper markets will likely make these commodities join the group of the biggest winners this year,” TDS concluded.

Also Read:
Start a discussion or add a comment
May 3rd 2016
Feng Hsin Iron and Steel Co. has decided to hike its rebar and scrap purchasing prices for the week.
May 2nd 2016
The US Ferrous scrap export prices surged higher significantly during the past week, when compared with the week before.
April 29th 2016
The Verkhovna Rada on April 21 passed at second reading bill No. 3868 amending some Ukrainian laws on reducing the…
April 29th 2016
Another fire at a recycling plant, this one in far north Phoenix, was brought under control Friday morning, according to…
Paul Ploumis

Paul Ploumis
(ScrapMonster Author)

Paul Ploumis is the Scrap Monster Founder and CEO.  With years of experience in the Scrap and Recycling industry, he
Scrap Metal Prices
6061 Extrusions0.51$US / Lb
Zorba 90% NF0.50$US / Lb
Old Sheet0.41$US / Lb
6063 Extrusions0.57$US / Lb
#1 Copper Wire and Tubing1.98$US / Lb
#2 Copper Wire and Tubing1.86$US / Lb
Automotive Recycling
Used Equipment
New Equipment
Waste Collection & Disposal
Waste Collection & Disposal