All posts tagged: Nickel

Market & Metals

Scrap Metal Market: April 2016

Scrap Metal Market Trends Scrap metal prices for crushed autobodies have slightly increased 8.57% over the past month (see March 2016 Scrap Metal Market Watch), but an overall 9.66% decline over the past year. Over the past month, the automotive industry has shown continued signs of devaluation. The Wall Street Journal reported the scrap metal

Aluminum and Copper Plummet

A hybrid of economic forces continues to reduce already depressed prices of metals, including gold, steel, copper, and now aluminum. “China’s stock market crashes again as panicking sellers lose faith” reads today’s headline, underscoring the gravity of weak demand while giving speculators cause to lower oil futures below $50 per barrel.1 Mining production has increased

Metals Tumble Following Greece, China Announcements

Greece Vote Against Austerity Measures Prices of copper and nickel dropped 4.2% and 3.3%1, respectively, following news of Greece’s vote against austerity measures and recent moves by China to prevent a stock-market collapse. The resounding “no” vote in Greece has signaled a potential exit from the euro, prompting market speculators to predict a significant slowdown

scrap metal buyers

Groundhog Day for China’s Scrap Metal Buyers

“Too many other buyers. I can tell other buyers were here yesterday,” Johnson Zeng told Bloomberg. “There wasn’t as much scrap as usual.” For Zeng and other Chinese scrap metal buyers who purchase millions of pounds of metal in the U.S., it’s a seller’s market; with increasing competition among buyers, scrap yards can afford to