Scrap Metal Prices and Scrap Metal Auctions

Thanks to China and the Fed Reserve’s steps, global base metal prices are set to see new heights now.
China has decided to go ahead with its plans to make use of the recession and prices fall, and stock base metals so that it can boost its future projects. This move has helped the prices of [...]

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Base Metals
It was a good week for copper till Thursday when it fell amidst caution expressed by investors a day ahead of the US employment data. However, Copper futures prices recorded gains on Friday as the LME warehouse copper inventories continued to drawdown and Comex copper stocks decreased. The weakness in US currency against its [...]

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Base metals ended on a mixed note on Wednesday averting a significant downside. Though news on the economic front was on the weaker side, base metals like Copper, Zinc, and Aluminum managed to end in the positive territory. The downward pressure in base metals was relaxed on the back of similar trend in equity markets. [...]

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Base metals may remain upbeat in the coming week driven by the speculation that the stimulus packages proposed by the governments of the US and China will revive growth and boost demand for industrial commodities. The anticipations regarding the revival of China, the world’s largest consuming nation, by allocation of funds $535-billion (second time) has [...]

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Base metals may remain upbeat in the coming week driven by the speculation that the stimulus packages proposed by the governments of the US and China will revive growth and boost demand for industrial commodities. The anticipations regarding the revival of China, the world’s largest consuming nation, by allocation of funds $535-billion (second time) has [...]

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After a rise, copper climbed down by the end of the week and caused a slump for all base metals this week.
According to market reports, copper had gained around 10 per cent on Monday. However, this has not helped boost the metal’s future as analysts fear that copper’s grim future will continue.
Copper for March delivery [...]

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Base metals once used to be the hottest commodities as the world was witnessing a construction, retail and information technology boom in the last few years. But in the last one year, base metals like nickel, copper, aluminium and zinc have been steadily losing in value that their stockpiles are jumping up and production cuts [...]

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BASE METALS: More pain seen in the near term..
Global economic slowdown continues to worsen the demand outlook for Industrial Metals in 2009. Manufacturing conditions around the world have declined to unprecedented territory, industrial production has weakened substantially in most parts of the world and unemploymentis rising at an alarming rate.
Weakness seen in Auto industry and [...]

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Base Metals like other commodities were also on a rollercoaster ride in the last year. Strong growth shown by China, major consumer of base metals, led to sharp rise in metals like copper, lead, nickel, zinc till the mid of the year 2008. Prices started climbing as restocking by metal traders, rise in industrial activity [...]

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Base metals
Base metals fell sharply in the last week as the financial market mood continues to remain weak on concerns that the world economies are sinking into an intensifying recession. The current crisis is expected to continue well into 2009 as much the developed world is expected to remain in recession.
Since the developed countries [...]

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