Halloween Copper went up a few cents across the board but this week aluminium was the strange one Diecast and sheet went up a few cents but spun, the easiest to recycle, fell? Gold is up, and down; and up and down. But this weeks news for us? Rhodium is up, as is selenium. All platinum group metals climbed. Nickel is finally back over $4 nationally. If it climbs more or stays firm we may see a boost in some higher grades her such as telco memory and cellphone boards. Not much but any climb in value is always appreciated.
The rest for escrap. Copper's few pennies brought highly grade cbm#1 (al hard drive motors, burnt clean copper) over 69c nationally. Clean steel is over 6 cents Light breakage is hovering around 3 cents Low 300s stainless is over $1 Mixed glass has passed 2 cents Mixed plastic has finally passed a penny for the first time since the oil plunge. ABS has passed 30 cents! Leaded glass is back to 5 cents Clear glass is at 4 cents but no love for brown or green. 1 cent and .25 cents Put glass in municipal for now. Clean bleached paper us up to 2.25 cents per lb Mixed paper is at a penny, mostly because glossy paper (magazines etc) has fallen out of favour.
My thoughts? Hold some copper back and gamble on it. Sell some this week and some next. Keep the market moving and potentially make a profit as well. Aluminium is stable and not really doing anything Hold your nickel and stainless. They may be up or down in a few weeks but at the moment the market is dealing with a sudden influx from over a billion iot devices including cell phones, being recalled and dumped in the wake of the super ddos. Also, if you've got lithium and nicad batteries now is the time to move them. Price is dropping thanks to Samsung/Apple and 85 million batteries of unknown stability. These are the ones that never made it into phones sitting in warehouses. We already saw lithium drop and lion drop even more. It's dragging all batteries right down to nicad and lead. Suddenly everyone is just as afraid of them as I am (vindication?).
Final note. I just watch the numbers and can be totally wrong so this isn't guaranteed at all.
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