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US Stainless Steel Scrap: Prices Fall for 304 Grade, Pressure on Nickel, and Weak Demand
The US stainless steel scrap market saw further declines in the week ended Tuesday, September 23, with 304 grade under pressure due to weak demand and more cautious exporters. According to data from Commodity Evolution, the purchase price for 304 scrap solids and...
Aurubis Powers New US Metal Recycling Hub: 180,000 Tons of Scrap/Year at Full Capacity
Aurubis has begun production at its new scrap processing facility in Richmond, Georgia, marking a key step in its US expansion strategy. The facility—designed to fuel domestic demand for copper, nickel, tin, and precious metals recovered from end-of-life materials—is...
Base Metals Rise on the Shanghai Futures Exchange: Copper Leads the Rebound
The morning of Thursday, September 25, brought a positive signal to the Chinese base metals market. On the Shanghai Futures Exchange (SHFE), all major prices closed higher, with copper the clear winner of the session, recording the sharpest gains. At 10:30 a.m....
Grasberg, the Wounded Giant: Freeport to Declare Force Majeure and Cut Production Estimates
The news broke on September 24: Freeport-McMoRan declared force majeure at its immense Grasberg deposit in Indonesia, one of the largest copper and gold mines in the world. The announcement is shaking global commodity markets, as new estimates point to a production...