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Scrap Metal News

Latest scrap metal and recycling industry news.

Wednesday, 15 April 2009
 

Emerging-Market Stocks Rise, Head for Six-Month High on Metals


OAO GMK Norilsk Nickel, Russia’s biggest mining company, gained as much as 6 percent. KGHM Polska Miedz SA, the Polish copper producer, jumped 5.3 percent ...
Bloomberg - USA

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Copper Rises on Speculation Chinese Demand to Drain Stockpiles


Zinc gained $23, or 1.7 percent, to $1418 a ton. Nickel added $375, or 3.4 percent, to $11415 a ton, and lead climbed $22, or 1.6 percent, to $1425 a ton.
Bloomberg - USA

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Copper Rises on Speculation Chinese Demand to Drain Stockpiles


Zinc gained $23, or 1.7 percent, to $1418 a ton. Nickel added $375, or 3.4 percent, to $11415 a ton, and lead climbed $22, or 1.6 percent, to $1425 a ton.
Bloomberg - USA

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UK Stocks Advance, Led by Banks; Barclays, RBS, Xstrata Gain


Gold and nickel also advanced. The following stocks also gained or fell in the UK market. Stock symbols are in parentheses. Allied Irish Banks Plc (ALBK ID) ...
Bloomberg - USA

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Mixed trend in metal prices


While, copper and brass utensils moved down owing to lack of industrial support. Nickel and tin shot up by Rs 17 per kilo each to Rs 677 and Rs 697 ...
Indopia - India

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The Daily Resource 04/14/2009


Nickel was flat through most of the day, rising late to surge past the $5 mark and close at $5.1014/lb., up 25 cents. Zinc had a good day, ...
International Business Times - New York,NY,USA

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Copper scrap theft trial delayed


Police investigators said Flanagan bought scrap copper that was taken to his T . V . F . of Indianapolis scrap yard by an undercover investigator who told ...
Indianapolis Star - United States

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Tuesday, 14 April 2009
 

Copper Rises to 5-Month High in New York on Inflation Concern


“The other reasons behind copper’s strength included the limited scrap supply and a rising demand from wire and cable makers as a result of ...
Bloomberg - USA

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Slow progress of mining in Davao scored


Horacio C. Ramos, Mines bureau director, in a phone interview last Wednesday said copper and nickel prices are expected to rise to $2.50 per pound (lb. ...
BusinessWorld Online - Quezon City,Philippines

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Ji Lin Ji En Nickel to issue new shares for overseas acquisition


... cooperate with Goldbrook Ventures, a Canadian company that owns 891000 acres of land in the Raglan Nickel Copper Mine project in the Province of Quebec. ...
China Knowledge Online - Singapore

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Monday, 13 April 2009
 

If It’s in the Ground, It Can Only Go Down




In the 1960s and '70s, the revival of manufacturing in Japan and Europe propelled prices for industrial metals like copper and nickel higher, ...
Newsweek - USA

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Copper may rise on Chinese demand


Nickel too faces weak fundamentals as demand from the stainless steel sector is low and is not expected to pick up in the short term. ...
Business Standard - Mumbai,Maharashtra,India

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Saturday, 11 April 2009
 

More copper discovered near Maun


Last week, Discovery said it was confident it could raise enough cash to develop its copper and silver project and could possibly part with its nickel ...
Mmegi Online - Gaberones,Botswana

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(WS) World Summary: WELLS FARGO STAGES BANKING RECOVERY


The 3-month ask prices were copper $4575 tonne ($4350) tin $10905 ($10705), lead $1415 ($1339), zinc $1395 ($1375), aluminium $1545 ($1490) and nickel ...
istockAnalyst.com (press release) - Salem,OR,USA

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Brazil Stocks Gain as Commodities Rise on Growth; Ipsa Advances


Vale, the world’s second-biggest nickel producer, jumped 5 percent to 29.70 reais. Demand for nickel in China, the world’s biggest user, ...
Bloomberg - USA

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Friday, 10 April 2009
 

Copper Jumps in Shanghai on Demand Outlook Optimism, Oil’s Gain


China’s demand for refined copper also rose because supply of the scrap metal declined after copper prices tumbled 59 percent last year in Shanghai, ...

Bloomberg - USA

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Copper, nickel trade higher on firm global cues


New Delhi, Apr 9 Select base metals, copper and nickel, rose up to Rs 5 per kg in the national capital today on revival of buying by stockists and consuming ...
Indopia - India

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Copper Rises in London, Heads for Fourth Straight Weekly Climb


Nickel climbed $25, or 0.2 percent, to $11000 a ton. Oversupply will shrink this year because of a 20 percent cut in production, the most among all ...
Bloomberg - USA

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Thursday, 9 April 2009
 

US Commodities: Oil Rises as US Report Spurs Supply Concern


Copper futures rose on speculation that Chinese demand will increase as inventories of scrap metal decline. China, the world’s biggest metals user, ...
Bloomberg - USA

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Copper Leads Drop in Metals in London on Outlook for Demand


Tin dropped 1.8 percent to $10700 a ton. Zinc fell 1.5 percent to $1335 a ton. Lead slipped 2.2 percent to $1305 a ton. Nickel shed 1.9 percent to $10700.
Bloomberg - USA

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Canadian Currency Is Little Changed as Stocks Fall, Metals Gain


The currency erased an earlier decline as copper and nickel futures rose. The MSCI World Index, a gauge of equities in 23 developed nations, ...
Bloomberg - USA

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Other News & Articles


Production of silver three-cent pieces dropped to insignificant levels after a copper-nickel version made its debut. "A law was passed during the closing ...
NumisMaster.com - Iola,WI,USA

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Xstrata to suspend Kidd smelter due to acid demand


Xstrata acquired the assets when it purchased Canadian nickel and copper miner Falconbridge in 2006. The shutdown will affect about 175 workers, ...
Reuters - USA

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Wednesday, 8 April 2009
 

Copper Advances in London After Price Gap With Shanghai Widens


... IS raised its three-month average 2009 copper forecast to $3400 a ton from $3000, according to a report e- mailed late yesterday. Nickel for three-month ...
Bloomberg - USA

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FACTBOX-Mines and plants hit by low prices, high costs


March 26 - A $500 million nickel pig iron project planned for Indonesia has been scrapped, said Shanghai Tshingshan Mineral Company Ltd, the majority ...
Forbes - NY,USA

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Gold slides, copper at 5-month high


Steel making ingredient nickel was last bid at $10950 in official rings from $10900 while battery material lead was traded at $1318 from $1315. ...
Daily Times - Lahore,Pakistan

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Tuesday, 7 April 2009
 

Scrap volumes play decisive role in the price of copper


The so-called "urban mine" - copper scrap - supplies a quarter of the world's consumption of the red metal, much more than any single country, ...
Financial Times - London,England,UK

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Copper’s Declining Demand Pushes Prices 21% Lower


A decline in manufacturing contributed to a slump in inventories of scrap, the Brussels- based European Metal Trade and Recycling Federation said. ...
Bloomberg - USA

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METALS INSIDER: G20 spin sends bears reeling


... Friday and weekly changes: Close Chg on Week Pct Chg Aluminium $1481 +$61 +4.3 Copper $4301 +$251 +6.2 Lead $1315 +$35 +2.7 Nickel $10930 +$1230 +12.7 ...
Reuters - USA

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Miner set to start exploration in Nueva Vizcaya


... to attract $10 billion of investments to the mining sector by 2013, sits atop $1 trillion worth of unexplored gold, copper, nickel and zinc reserves. ...
BusinessWorld Online - Quezon City,Philippines

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Saturday, 4 April 2009
 

Commodity Prices Rising, But No Spike


Expect a 10%-15% jump in prices for most metals used in consumer goods and industrial products: tin, nickel, aluminum and lead. Copper and zinc will see ...
Kiplinger.com - Washington,DC,USA

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Brimson community concerned about DNR copper/nickel leases


On the dark and stormy evening of March 25, Petrell Hall in Fairbanks Township, Brimson, was bursting at the seams, with over 60 residents from the ...
Lake County News Chronicle - Two Harbors,MN,USA

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CRU/CESCO-China, electric cars to drive copper-Friedland


TO) and for discoveries such as the Voisey's Bay nickel find in eastern Canada. Friedland pointed to a report in the New York Times that China plans to ...
Reuters - USA

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Friday, 3 April 2009
 

Puget Ventures Inc. Signs Agreement to Acquire Norpax Copper ...


The Norpax Nickel-Copper deposit is located approximately nine kilometres east of the Manitoba border at Almo Lake. "Puget Ventures is very pleased to have ...
Market Wire (press release) - USA

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CRU/CESCO-Ivanhoe's Friedland cites Congo copper find


... Ivanhoe Nickel & Platinum, an Africa-focused metals explorer controlled by financier Robert Friedland, said Wednesday it had made a copper discovery "of ...
Reuters - USA

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FACTBOX-Mines and plants hit by low prices, high costs


Congo has slashed copper output targets for the next three months by 30-40 percent and halved 2009 cobalt output projection. ...
Reuters - USA

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Australia Stocks: Austal, Australand Property, Minara, Rio, Ten


Copper rose 0.5 percent and nickel 2.5 percent. BHP Billiton Ltd. (BHP AU), the world’s largest mining company, added 4 percent, the most since March 13, ...
Bloomberg - USA

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Japan copper firms extend output cuts as economy sinks


By Miho Yoshikawa TOKYO, April 1 (Reuters) - Japan's copper smelters will extend production curbs into the first half of the current financial year as an ...
Reuters - USA

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Thursday, 2 April 2009
 

Costs for copper, nickel and scrap steel have already dropped


... by end of 2009 or early next year, as per Fluor's annual materials outlook study; copper, nickel and scrap steel have already slid by approximately 30%. ...
Pharmaceutical Business Review - USA

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Commodities Prices Cap Longest Slump Since 2001 as Demand Wanes


Natural gas, nickel and wheat led the declines, overwhelming advances in gasoline, copper and hogs. "For commodities, the main mover is demand and supply ...

Bloomberg - USA

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METALS INSIDER: After mixed Q1, what will Q2 bring?


Only lead came anywhere near to matching copper with a quarterly gain of 27 percent. At the other end of the spectrum was nickel with a quarterly loss 16 ...
Reuters - USA

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Sumitomo Mining sees 09/10 copper output up 1.8 pct


T), Japan's second largest copper smelter, said on Wednesday it plans to produce 401000 tonnes of copper in the year to end March 2010, up 1.8 percent from ...
Reuters - USA

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Top news Eastern Siberia: Lugokan, BuryatZoloto


BuryatZoloto stopped development of copper and nickel deposit in Buryatia. Baikalsk Pulp and Paper Plant employees appealed to the region's prosecutor for ...
РИА ФедералПресс - Москва,Russia

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Wednesday, 1 April 2009
 

FNX reports Cdn$389m loss in '08 after nickel ops cutbacks and ...


These Sudbury mines have nickel-copper and copper-nickel -precious metals deposits, often within the same mine. During a conference call with analysts ...
Mineweb - London,England,UK

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METALS-Shanghai copper storms to record quarterly gain


Copper prices pressed higher on Tuesday, heading towards steep quarterly rises, with demand from China, the world's biggest ...
Forbes - NY,USA

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Gold slips, copper tumbles 4%


Steel making ingredient nickel was at $9475 from $9700 while battery material lead was at $1247 from $1280. Zinc dropped to $1315.5 a tone from $1349 and ...
Daily Times - Lahore,Pakistan

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Fortune Minerals NICO Environmental Assessment update


Copper and nickel are also produced as by-products of the cobalt processing, but were not included in the Mineral Reserve estimate. ...
FOXBusiness - USA

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Lundin Mining Announces Year End 2008 Reserve and Resource Estimate


In both 2007 and 2008 the Copper Mineral Resources and Reserves were reported above a cut-off of 2.0% copper. - Nickel-copper Measured and Indicated ...
FOXBusiness - USA

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Tuesday, 31 March 2009
 

2008 Write Downs Result in $389 Million Loss for FNX


At the McCreedy West Mine, development work supported both nickel and copper-precious metal production plans, particularly the deepening of the main access ...
FOXBusiness - USA

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Blackstone Provides an Exploration Update on Scandinavian Projects


The Company is focused on advancing six nickel deposits and looking to drill excellent targets at the highly prospective Uma copper-zinc and Norbotten ...
Trading Markets (press release) - Los Angeles,CA,USA

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Sunday, 29 March 2009
 

Pacific North West Capital Corp. acquires 100% ownership of ...


The Glitter Lake Property is located adjacent to the Horden Lake copper-nickel deposit, which is situated approximately 140 kilometers northeast of Matagami ...

FOXBusiness - USA

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First Nickel Reports Financial and Operating Results for the Year ...


Sales revenue from the sale of nickel, copper and cobalt for the three month period ended December 31, 2008 (the "fourth quarter of 2008") decreased by $3.2 ...
FOXBusiness - USA

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Copper is king, for now


Over the past month, most favoured mining equity sectors copper, nickel and aluminium have overshadowed gold, but platinum equities are on the bubble....
Mineweb - London,England,UK

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Nortec Ventures Corp.-Corporate Update


... (PGE + Au) - Nickel and Copper project located in Finland, and TL Nickel-Copper-Cobalt projects in Labrador, Canada and the Ganarin project in Ecuador. ...
FOXBusiness - USA

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Mindoro Amends Price of Purchase Warrants


Mindoro is focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or ...
FOXBusiness - USA

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Saturday, 28 March 2009
 

Pacific North West takes 100 pct of Glitter Lake PGM project, Quebec


Glitter Lake is located adjacent to the Horden Lake copper-nickel deposit pproximately 140 kilometers northeast of Matagami, Quebec. ...
Proactive Investors USA & Canada - USA

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Copper Heads for Weekly Increase, Best Quarter Since June 2006


Nickel was little changed at $9735 a ton, tin rose 0.8 percent to $10225 while lead hadn’t traded as of 11:12 am in Singapore.
Bloomberg - USA

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New resins will slash mining operations’ discharge – Dow


DWS is turning to copper, trying to leverage the technology developed for primary nickel recovery for primary copper recovery in copper-mining operations,” ...
Creamer Media's Mining Weekly - Garden View,South Africa

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DJ BASE METALS HIGHLIGHTS: Top Stories Of The Day


RS) said Thursday it plans to produce at least 220000 metric tons of nickel at its Russian facilities, and cut its copper production by between 4% to 5% and ...
MarketWatch (press release) - USA

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MF Global sees metals moving lower, then sideways


Only nickel ended roughly unchanged. Last month, he wrote that a tentative
bottom may have been reached in the base metals complex. ...
Reuters - USA

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Friday, 27 March 2009
 

UK Stocks Fluctuate; ENRC, Mining Shares Rally on Metal Price


Copper also led a rally in base metals in London, with lead, nickel, tin and zinc also increasing. ENRC jumped 10 percent to 452.5 pence after Bank of ...
Bloomberg - USA

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Metals gain on positive macroeconomic data


In line with copper, Nickel in MCX also fell by 2.44 %. Peruvian copper production fell in February at two of the country’s largest mines. ...
Commodity Online - Kochi,Kerala,India

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METALS-Copper rises on weak dollar, upbeat data


Three-months aluminium was at $1417 a tonne from $1412 a tonne on Tuesday, having gained more than 10 percent in March, while nickel was at $9650 from $9750 ...
Forbes - NY,USA

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Freewest Intersects 174 Metres of Chromite Mineralization at Black ...


Within these 2 zones, appreciable to moderate amounts of nickel-copper sulphide mineralization occurring as blebs, bands, net-textures and heavy ...
FOXBusiness - USA

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Discovery weighs sale of nickel asset


Discovery secured the Boseto copper prospect in 2005, having previously focused on exploration in Australia and a nickel prospect in Botswana. ...
Mining MX - Sandton,South Africa

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Thursday, 26 March 2009
 

Long-lost meteorite comes home to Ariz.


Ultimately, he learned that this was no hunk of scrap metal. It was, in fact, quite famous in an obscure kind of way. On Monday, 40 years after it was ...
Arizona Republic - Phoenix,AZ,USA

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Royal Roads, Benton Resources & Golden Dory approve 2009 program ...


Approximately 30 conductive anomalies have been selected for ground follow-up, including anomalies identified near a recently discovered nickel-copper ...
FOXBusiness - USA

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Norilsk Says Nickel High Enough to Maintain Spending, Output


Norilsk has already signed sales contracts for 75 percent of its nickel production this year, and all of its planned copper output, he said.
Bloomberg - USA

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UK Stocks Swing Between Gains and Losses; Premier Oil Jumps


Separately, copper, nickel, lead and zinc all retreated in London. The following stocks also gained or fell in the UK market. ...
Bloomberg - USA

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Wednesday, 25 March 2009
 

Kaminak Acquires 100% Interest in Quebec Copper-Nickel Properties ...


A grab sample collected in 2007 from one showing returned 2.84% copper, 0.53% nickel, 0.12% Cobalt as well as 0.75 g/t gold, 0.35 g/t platinum and 0.55 g/t ...
FOXBusiness - USA

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(WS) World Summary: US TREASURY PLAN LIFTS DOW 7 PER CENT


The 3-month ask prices were copper $4056 tonne ($3995) tin $10300 ($10175), lead $1350 ($1353), zinc $1310 ($1265 ), aluminium $1450 ($1460) and nickel ...
istockAnalyst.com (press release) - Salem,OR,USA

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Tuesday, 24 March 2009
 

METALS-Copper up, US plan boosts demand outlook


Steel making ingredient nickel was at $9980 from $10000 and battery material lead was at $1360 from $1346, after striking a day's high of $1380, ...
Forbes - NY,USA

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Botswana in record P2,6 billion trade deficit


Copper and nickel exports also mimicked the pattern of diamonds in the period under review, recording a mere P731 million in the last quarter from P1,2 ...
Mmegi Online - Gaberones,Botswana

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UK Stocks Rise for Third Day; Banks, Mining Companies Rally


Anglo American Plc led mining shares higher as copper jumped to a four-month high in Asia. The FTSE 100 Index climbed 76.03, or 2 percent, to 3918.88 at ...
Bloomberg - USA

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If you want exposure, head to the Highlands


... 2.2 million tonnes of copper, 125000 tonnes of nickel and 12250 tonnes of cobalt. in situ value on resources, that amounts to some $US13 billion ($A18.9 ...


The Age - Melbourne,Australia

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Monday, 23 March 2009
 

The Daily Resource 03/21/2009


Base metals were all in the red on Friday. Copper lost 1.5 cents to close at $1.7678/lb. Nickel fell by more than 9 cents to finish at $4.4119/lb....
International Business Times - New York,NY,USA

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Sunday, 22 March 2009
 

Base metals prices bottoming out, some on their way back up: analysts


Prices for copper, nickel and zinc soared in recent years until mid-2008 amid skyrocketing demand from surging economies like China and India. ...
The Canadian Press - TORONTO

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METALS-Copper down as stocks jump dents demand outlook


Copper fell 1 percent in choppy trade on Friday, losing grip of a 4-1/2 month high above ...
Forbes - NY,USA

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Saturday, 21 March 2009
 

Lawmakers Discuss The Future Of Copper-Nickel Mining


The future of the lucrative copper–nickel mining industry on the Iron Range is on the table as the Minnesota Legislature meets this session. ...
MSNBC - USA

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UK Stocks Pare Losses; Rio Tinto, Xstrata Gain on Metals


Xstrata Plc, the fourth biggest copper producer, climbed 3.6 percent to 448.75 pence. Copper, lead, nickel and tin advanced in London. ...
Bloomberg - USA

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METALS-Shanghai copper rises for 6th day as dollar softens


Shanghai copper rose to its highest in 4-A½ months on Friday as a weaker dollar helped it extend its ...
Forbes - NY,USA

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Gold at 2-week high, copper up 5 percent


Nickel was at $10150 from $9875 at the close on Wednesday, lead was $1336 from $1290 and zinc $1232 from $1190. Tin drifted $275 higher to $10150. reuters.
Daily Times - Lahore,Pakistan

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Friday, 20 March 2009
 

Copper Rises to 4-Month High in London on US Fed Bond Plan


Nickel rose 1.8 percent to $10050 a ton. Lead advanced $41, or 3.2 percent, to $1331 a ton, after gaining 33 percent this year. Zinc gained 3.2 percent to ...
Bloomberg - USA

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European Stocks Decline for Second Day; Rio Tinto, Shell Drop


... Stoxx 600 as copper fell in London on signs that China, the world’s biggest consumer of the metal, is buying less. Nickel, zinc and tin also dropped. ...
Bloomberg - USA

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Most e-mailed


Publication of the draft EIS will be a major milestone in the advancement of PolyMet's copper-nickel-precious metals project located in northeastern ...
MSNBC - USA

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What to do now with the DOW's 950 point 1 week rally and the SKF's ...


... the crash of Fannie Mae and Freddie Mac, The crash of Toll brothers from $100, The crash of copper from $4 a pound , the crash of Nickel from $25 a ...
Motley Fool - USA

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Industrial metals rebound on US equity rally


LME Aluminum closed at $1379/ton, LME Nickel closed at $9875/ton, LME Zinc closed at $1190/ton and LME Lead closed at $1290/ton, down by 4.37%. Copper March ...
Commodity Online - Kochi,Kerala,India

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Thursday, 19 March 2009
 

Copper, nickel, aluminium remain sell on rallies


Markets do feel that sell on rallies is still a strategy in copper, nickel and aluminium. Lead has been an out performer in 2009, up 32% year-to-date and is ...
Moneycontrol.com - Mumbai,India

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European markets fall, led by miners, steelmakers - European ...


Mining stocks lost ground after copper, nickel and zinc prices fell. Also, news of Alcoa reducing its quarterly dividend weighed on the sector. ...
RTT News - Williamsville,NY,USA

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Wednesday, 18 March 2009
 

Smart rise copper, nickel and brass on higher LME advices


Mumbai , Mar 17 Prices of copper, nickel and brass firmed up smartly on the non-ferrous metal market here today on good industrial demand coupled with ...
Indopia - India

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Half Year Report 31 December 2008


Since the discovery in 1883 of copper- nickel sulphides in the Sudbury area and the start of mining a few years later, Sudbury has produced a major portion ...
The Age - Melbourne,Australia

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Northrock discovers poly-metallic massive sulphide zone


... is pleased to announce the discovery of significant near-surface copper/nickel/silver/lead/zinc massive sulphide mineralization from diamond drilling. ...
Mineweb - London,England,UK

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Mayor’s view: Mining legislation would strangle needed Iron Range ...


By mining copper, nickel and other precious metals in Minnesota, using 21st century technology, we will be helping to reduce the global carbon footprint. ...
Duluth News Tribune - Duluth,MN,USA

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Supply-demand impact of production cuts in metals space


But in the past three months, the biggest production cuts were in zinc, nickel and ferrochrome, while copper saw much less of a reduction. ...
National Post - Toronto,Ontario,Canada

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Northrock Discovers Near Surface Poly-Metallic Massive Sulphide ...


The Nickel Knob target is known to contain surface concentrations of copper/nickel/gold/platinum and palladium mineralization in minor ultramafic intrusives ...
Filing Services Canada (press release) - Calgary,Alberta,Canada

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Chinese copper demand rising -Germany's Aurubis


"The growing shortage of copper scrap also contributed to this since the Chinese processors were forced to concentrate more on cathodes in their raw ...
Reuters - USA

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Tuesday, 17 March 2009
 

Indonesia's Antam eyes copper smelter project


Antam, 65 percent-owned by the Indonesian government, is involved in exploration and production of nickel ore, smelting of ferronickel, production and ...
Reuters - USA

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BHP, Minara, Tabcorp, Tatts, Woodside: Australia Equity Preview


Copper rose 2.5 percent, while nickel added 1.5 percent. BHP Billiton Ltd. (BHP AU), the world’s largest mining company, advanced 4.3 percent to A$31.66. ...
Bloomberg - USA

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Copper climbs as inventories drop


Copper rose 1.6 per cent on Monday, as another fall in inventories helped boost the outlook for demand and a rally in equities lifted sentiment. ...
Globe and Mail - Canada

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Monday, 16 March 2009
 

The Daily Resource 03/14/2009


Copper bottomed in the late pre-dawn hours, pushed higher from there to mid-morning, then eased into a finish at $1.6449/lb., up 2 1/3 cents. Nickel had a ...
International Business Times - New York,NY,USA

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