This month we have a few articles and notable media outlets contributing to the market news about scrap metal and also what is going on with the economy. Many of recent news reports about oil can affect the overall commodities market, including scrap metal. Browse below for more information.
Oil Prices Surging – Give Hopes In Raw Materials:
“While U.S. shale output may come “roaring back” amid higher crude prices, production curbs by OPEC and its allies should help offset that increase over the next six to nine months, Citi analysts including Ed Morse and Seth Kleinman wrote in an April 17 report. The producers need to extend their deal to cut supplies through the end of the year amid concerns that Russia is lagging behind on its pledged reductions, the bank said…continue reading“
Courtesy of Bloomberg.com
$600,000 of Gold Found Inside Piano
“A hoard of valuable gold coins worth more than half a million dollars has been found inside a piano which was given away for nothing by its previous owners. Graham and Meg Hemmings, from Shropshire, England, donated their old instrument to a local school with no idea it was full of gold. Its new owners, Bishop’s Castle Community College, only discovered the hidden stash after they paid a piano tuner to fix the instrument. Inside, he found 913 gold coins that are more than a century old…continue reading“
Space May Be The Next Place For Oil
“Countries like the United Arab Emirates and Saudi Arabia are developing space programs and investing in nascent private space commodity initiatives, said Tom James, a partner at energy consultant Navitas Resources. Doing so could give them a foothold in building extraterrestrial reserves of water — a substance likely to fuel travel within space — and other resources that could be used for in-space manufacturing…continue reading“
Courtesy of Bloomberg.com
Related Articles:
- 4/12/17 Scrap Price Update: Copper Prices Slip
- What Scrap Metals Are Inside Computers?
- 4 Steps To Selling Your Scrap Online
