On top of that with all of the problems that we saw over the last few months, we have begun to hear more reports of aluminum smelting facilities returning to the United States over the next few years.
SCRAP NEWS | Month: May 2020
Jump To Non-Ferrous Prices Jump To Ferrous Prices Scrappers!!! We hope that everyone is doing well and slowly enjoying multiple states re-opening in different phases across the country. We are especially excited that we saw such a nice increase in copper prices on Monday rising $0.11 per pound. On top of that, we’ve seen […]
As we’ve watched the copper prices reacting in a positive way, we have a couple of things that we have been watching to see what type of domino effect is going to happen. With possible trade problems between the United States and the Chinese again over the origin of the COVID-19 spread, there’s talk of the Phase 1 Trade agreement being canceled or changed or delayed.
Aluminum prices have begun to slip down again with a weekly price report showing prices down another penny or two per pound. Aluminum has continued its struggle over the last two years starting with the tariff situation with the Chinese and now continuing with weaker demand due to the virus outbreak.