Global Scrap News
The largest exporter of ferrous scrap to Japan during January this year was Hong Kong.
The North American copper scrap prices edged higher slightly on January 27th, Friday.
Oxford Instruments has launched a unique solution for reliable X-ray fluorescence (XRF) analysis of hot samples, for use with their range of X-MET8000 series handheld XRF analysers. The HERO™ heat resistant protective window allows hot samples of up to 400ºC to be directly analysed for alloying elements including light elements such as silicon.
The USA West Coast copper scrap prices mostly edged higher October 14th October, Monday
The Federal Reserve System will decrease its monthly bond-purchasing program at its September meeting. Analysts at Nomura Bank says that despite robust growth continues to elude the U.S. economy, the trend is in the right direction.
The analysts at Barclays Capital, an International investment bank with presence in all the major markets around the world stated that CFCT data along with ETF outflows is the main key data to look for signs of shifting sentiment in the gold market
Global financial service provider UBS states that the geopolitical events will continue to support Gold rates . The analysts at UBS are of the opinion that uncertainty over U.S. military action against Syria will continue to support Gold.
Precious metals are the best performers in third quarter, says analysts at Deutsche Bank. The Deutsche Bank Liquid Commodities Indices Optimum Yield (DBLCI-OY) Precious Metals index is up almost 15% since the end of June, analysts explained.
Following government's recent policy to get rid of export quotas to halt the widening trade deficit, it plans to relax 2014 unprocessed mineral ore export ban. Indonesia, preparing to ban raw- metal ore shipments from 2014 while compelling mining companies to build smelters, will probably allow some exports beyond that deadline to give more time for processing plants to be built.
Swansea Drydocks, which offers environmentally responsible ship recycling services has bagged HMS Cornwall recycling contract. The contract to scrap and recycle HMS Cornwall was awarded by U.K's Ministry of Defense. HMS Cornwall is berthed in Portsmouth and is expected at Swansea Drydocks during the autumn.
John Person, president of NationalFutures.com, sees potential for gold to hit $1,500 an ounce by the end of September, a month when the market tends to be seasonally strong.
Secondary Metals Branch to the China Nonferrous Metals Industry Association gave a report on current conditions and issues existing in China’s secondary metals industry, so as to better develop new plans for the industry. The following topics garnered considerable attention.
Any corrections lower in gold may not last as long as geopolitical tensions surrounding Syria persist, said Edward Meir, commodities consultant with INTL FCStone.
Jiangxi Copper Co. reported a 51.9% fall in net profit in the first half due to sharp declines in prices of the red metal.
The Indian rupee is in a freefall, which makes gold more expensive for buyers in the country in their own currency, according to analysts.
India's second largest commodity derivatives trading platform, National Commodity & Derivatives Exchange (NCDEX) has re-launched its gold contract of 1 kilo gram and silver contracts 30 kilo gram after a year of suspension.
Spot copper in Shanghai was quoted at a backwardation of RMB 100-250/mt over the SHFE current-month copper contract price Wednesday. Traded prices were RMB 53,230-53,300/mt for standard-grade copper, and RMB 53,300-53,450/mt for high-grade copper.
Physical demand for the metal remains robust, geopolitical events in the Middle East are supportive and up-ticks in inflation in emerging markets are creating unsuppressed demand for the commodity.
The scrap metal recycling industry faces further legal changes from 1st October 2013.Following on from last Decembers “cash ban†the changes this autumn are to the former 1964 Scrap Meta Dealers act; which extends the “cash ban†to Motor vehicle dismantlers and “itinerantâ€
Reusing and recycling scrap metal can help to reduce the amount of materials discarded in the local landfill, and it can also help to reduce greenhouse gases caused by mining, refining and creating new materials. Plus, the scrap metal recycling industry provides local scrappers with a great way to make money
Recycling scrap is hugely profitable and hence scrap metal merchants create marvels making their businesses extremely profitable. It is a general notion that these materials do not require special consideration but the truth is that these metals need a lot of attention as they are of various types and the recycle process for each is different.
Chinese geologists have confirmed that they have discovered a gold reserve of 21 metric tons and silver reserve of about 26 metric tons in south China's Guangdong Province.
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. (CNMC) posted a 67.3% fall in profit made in the first half on lower prices of base metals and rare earth.
More than 1,300 automotive engineers and designers found that the value of reducing a vehicle’s weight has increased by 61 percent, according to a WardsAuto/DuPont survey.
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. (CNMC) posted a 67.3% fall in profit made in the first half on lower prices of base metals and rare earth.