Latest News from Calbag Metals

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,…
Sep
30

Higher Copper Prices! But, for How Long???

Everyone will agree copper prices have been volatile the last few months and when asked what is the cause of the lower value, most everyone would point their fingers at China, the largest consumer of US scrap copper. However, on Wednesday, several non-Chinese factors sent copper futures upward, which has many scrap producers saying, "YES! YES! YES!" The LME's 3-Mo copper…
Jan
29

Scrappy NW Metal Recyclers

You may have heard about the slowdown of shipping at Northwest Ports that has been going on since October, 2014.  The Tacoma News Tribune reports that there are hopeful signs of resolving a port slowdown that has effected shipping at 29 West Coast Ports. http://bit.ly/ScrappyMetalRecyclers.  The good news, Calbag Metals has been a worldwide recycler for over 100 years and…
Posted in Metal Market, News
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