Latest News from Calbag Metals

Apr
18

Aluminum Prices Soar on Russian Sanctions

What happens when United Company Rusal. the second largest Aluminum company in the World, is blacklisted from American-financial markets? Prices fly and supply chain managers across the World scramble to secure as much Aluminum as they can as quickly as they can. Rusal, a Russian-owned company, with strong ties to President Putin, has recently had it's access to US-credit restricted…
Feb
21
Scrap Metal Prices

Copper and Brass Scrap Metal Prices Climb Higher

Scrap metal prices, specifically, copper and brass prices are at a 3.5 year high as a surge in overseas demand has driven prices upward. The increase is due to to China's tighter import restrictions as they are concerted in their efforts to reduce the amount of waste imported in their country. Therefore, import restrictions on lower-grade Copper and brass scrap…
Sep
7

Scrap Metal Prices, the Silver Lining

Scrap metal prices SOAR, with nickel leading the charge. Since June 5th, London Metal Exchange (LME) nickel prices have increased 37.4%, copper prices increased 23.7%, and aluminum prices increased 8.5% (See our 'Metals Prices' charts for additional metal pricing trends). After years of suppressed scrap metal prices we're seeing a silver (and copper, and gold, and aluminum...) lining to the dark…
Posted in Metal Market, News
May
3

Copper Value 11-Week Roller Coaster

Copper Value 11-Week Roller Coaster - Since February 1st, copper value has undulated violently, with 15 moves of 5 cents/lb or more. Weekly changes have averaged 12.8 cents/lb, more than 3 cents/lb higher than the average change of the prior 11 weeks was 9.4 cents/lb. Overall, Cu Comex is down 13.8 cents/lb since February 1st. "Markets and uncertainty have become…
Apr
28

China Tightening Restrictions on Scrap Import

Calbag Metals is well-positioned to meet the challenge of tighter scrap import restrictions as China prepares to expand its ban of scrap material. The People’s Republic of China is the largest consumer of scrap copper products, purchasing more than half of the world’s scrap copper supply in 2015, but is poised to prohibit certain scrap metals, including insulated copper wire (ICW), radiators,…
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