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North American Scrap Metal Prices Rose on Index

Brass/Bronze scrap prices witnessed no change on Index. Copper and Stainless Steel scrap prices surged, whereas Aluminum scrap prices remained flat. Meantime, Steel scrap prices too were unchanged on Index. Copper Scrap Prices The price of Alternator scrap remained unchanged over the previous day. The price of #1 Copper Wire and Tubing increased by $0.03 …

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Global Steel Scrap Market Report 2021-2026 – Technology Advancements in Scrap Extraction & Processing Equipment Bode Well

The global market for Steel Scrap estimated at 574.5 Million Metric Tons in the year 2020, is projected to reach a revised size of 748.2 Million Metric Tons by 2026, growing at a CAGR of 4.5% over the analysis period. Obsolete, one of the segments analyzed in the report, is projected to grow at a …

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EXCLUSIVE Banks prepare to scrap LME gold and silver contracts, sources say

A group of banks that partnered with the London Metal Exchange (LME) to launch gold and silver futures in 2017 is preparing to abandon the project after hoped-for volumes did not materialise, three sources with direct knowledge of the matter said. Such a move would end an attempt by the LME, which dominates industrial metals …

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US Navy Sold 2 Obsolete Aircraft Carriers to Scrap Dealers for a Cent Each

The U.S. Navy sold two aircraft carriers to a ship-breaking company for one cent each after decades of service. The cut-price fee reflects the fact the company will profit from selling the ship metal for scrap, officials said. Naval Sea Systems Command, a U.S. Navy suborganization, said it had agreed to sell the USS Kitty …

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World Primary Aluminum Market Ended in Notable Deficit

The January to August 2021 Metals Balances Report published by the World Bureau of Metal Statistics (WBMS) suggests that primary aluminium market ended in modest deficit of 1,025 kt. This follows a surplus of 1,367 kt recorded for the whole of year 2020. The global aluminum production during the initial eight-month period of the current …

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Growing Rochester, MN Firm Breaks Into New Glass Recycling Market

 Millions of tons of laminated or architectural glass used in buildings and vehicles are dumped into landfills every year. The challenge is to separate the plastic sandwiched between the panes of glass to end up with “clean” glass and plastic to be sold as commodities to be reused. Rochester’s Watson Recycling started talking to area manufacturer …

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DS Smith Extended Recycling Partnership with Tesco

 European packaging major DS Smith plc. announced that it has extended its long-standing paper and cardboard recycling partnership with Tesco for a period of another three years. The strategic partnership has been responsible for recycling of around 300,000 tonnes of paper and cardboard per year from Tesco’s UK retail operations by DS Smith facilities. Since the inception …

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