The times are tough and scrap metal business may just prove rewarding for any person who is brave enough to venture into it. Many people saw a scrap metal trade as a dirty and dangerous job. This is not the case anymore because the returns from the trade have continued to soar, perhaps due to the high prices of metals [Read more…]
Copper metal prices felt as stockpiles expanded the most since March and some investors viewed last week’s rally as excessive. The LME’s three-month copper contract on Monday was down 0.4 per cent at $7,125 a metric ton. [Read more…]
Do you want money and yet you have nothing much to offer in return? Why not try out the scrap metal business? The best thing about scrap metal collection is that metal is almost everywhere around us just lying there and waiting for someone to collect it.
It does not need to have a lot of skills and experience to start a scrap metal business. All it needs is for you to have the relevant scrap metal collection tips and you are good to go! Here are the most important tips of scrap metal collection: [Read more…]
On the London Metal Exchange, copper for delivery in three months rose to $7142.96 a metric ton. Copper futures for delivery in September settled at $3.2705 a pound on the Comex in New York.
The red metal advanced for a ninth straight session in New York, capping the longest rally since 2005, amid signs of tightening supply.
While copper’s recent gains can accurately be attributed to Chinese and US central bank data it is still a metal that’s very much in surplus. [Read more…]
The one showed below are the average scrap metal prices in US during the previous 2 months from the date of this report. All prices are expressed in US$.
HMS 1 and 2 (US): $63
Shredded Scrap (US ): $405
Copper No.1: $2.93
Copper No.2: $2.65 [Read more…]