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Saudi Arabia Strengthens Its Metals Supply Chain With New Copper And Aluminium Facilities
UAE-based recycling company Pan Gulf International Metals Group (PGI Group) has signed an agreement with Saudi Arabian government officials to establish new secondary copper and aluminium processing facilities in the Kingdom. The deal represents a concrete step in...
The US Copper Premium Remains Stable Amid Arbitrage And Improving Demand
The US copper premium remained broadly stable during a slightly shortened pricing session ending on Tuesday January 20, partly due to the Martin Luther King Jr. Day holiday, which reduced market participation on Monday. Commodity Evolution’s weekly assessment for the...
Mexico’s Scrap Market Accelerates: Prices Rise Sharply And Demand Remains Strong
Ferrous scrap prices in Mexico continued to rise in the week to Tuesday January 20, with market participants unanimously describing current conditions as a clear seller’s market. Demand is particularly strong in both the Monterrey area and the Bajío region, two key...
Extreme Cold And Rising Prices Push The US Shredded Scrap Market Higher
The intense cold wave affecting large parts of the United States, combined with higher shredded scrap prices, is leading to a sharp increase in shredder feed prices, market sources told Commodity Evolution on Tuesday January 20. Shredded scrap remains the tightest...