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Updated 03:07:11 UST, 23 Feb 2012

Gold, silver heads lower, traders not buying on dips

By Jon Nadler
Gold and silver prices headed lower this morning while platinum and palladium extended their Tuesday rally with fairly hefty additional gains. Gold retreated towards the $1,750 area while silver fell back to near the $34 level as profit-takers moved in following yesterday’s Sino-Euro-news-induced euphoria. Platinum vaulted to the $1,721 mark on the offer side and narrowed its gap with gold to $70 while palladiumadvanced…

GreenRock, Creative Recycling acquires BluBox, best technology in rare earth recycling

GreenRock Rare Earth Recovery with its partner Creative Recycling Technologies acquired the Swiss Developed BluBox Rare Earth Processing Technology which is the world's best available technology for recovering heavy rare earth elements.
India scrap metal prices decline

India scrap metal prices dipped on Wednesday after the gains in the previous session.
LME base metal prices gain

London Metal Exchange base metal prices continued up trend on Wednesday.
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Acindar promises to Argentina Govt to hike local supply of special steels

Acindar, a subsidiary of ArcelorMittal in Argentina, confirmed to the government that the program to enlarge local supply of special steels has been launched.
Italian crude steel production rises 4.6% Y-o-Y to 2.19 mmt in Jan: Federacciai

Italian crude steel production increased by 4.6% year-on-year to 2.19 million metric tons in January 2012, according to the data released by the Italian steel producers' association Federacciai.
Tight supply, stock replenishment push EU steel prices higher: MEPS

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Chinese Shandong Province to weed out inefficient steel facilities

According to the steel industry restructuring guidelines released by the provincial government, Chinese Shandong province has decided to cut the number of steelmakers to five or six by 2015, down from 21.
Alcoa, CPI JV to produce high-end fabricated aluminum products

Alcoa (NYSE:AA) and China Power Investment Corporation (CPI) has announced they have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market.
Japan crude steel production may decline 2-3 mmt in 2012: JISF

Japan crude steel production dropped sharply by 10.6% year-on-year to 8.63 million metric tons in January and up by 2.7% month-on-month, according to statistics released by the Japan Iron and Steel Federation (JISF).
World crude steel production gains 7.8% Y-o-Y in Jan: worldsteel

World crude steel production advanced by 7.8% year-on-year to 117 million tons in January 2012, said the World Steel Association (worldsteel) in a briefing.
Shaw River reports 60% increase in Namibia manganese resources

Shaw River Manganese Limited (ASX: SRR), an Australian based manganese explorer and developer, has reported a 60% increase in the Mineral Resource for its 75.5% owned Otjozondu Manganese Project in Namibia to 10.7 million tonnes, providing a strong foundation for its plans to become a manganese producer.

Scrap Industry Events

envecon 2012: Applied Environmental Economics Conference
Date : 9th March, 2012
GLOBALCON 2012
Date : 7th March, 2012

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Metal Recycling

India scrap metal prices decline

India scrap metal prices dipped on Wednesday after the gains in the previous session.
LME base metal prices gain

London Metal Exchange base metal prices continued up trend on Wednesday.
Acindar promises to Argentina Govt to hike local supply of special steels

Acindar, a subsidiary of ArcelorMittal in Argentina, confirmed to the government that the program to enlarge local supply of special…