Scrap Metal Market Holds Steady
Scrap metal prices for crushed autobodies held steady with 2.17% growth over the past month (see June 2016 Scrap Metal Market Watch), and have grown 31.62% over the past year.
Across the Atlantic, the Brexit vote sent a shockwave through the base metal market, temporarily causing prices to plummet. However, the market has quickly recovered, as prices have returned to – or even rallied above – previous levels.
“The base metals complex has climbed 10% on average since January 1 on the London Metal Exchange. Zinc has been the star performer, up 28.0% to date, with tin in second at 16.4%. Lead is the only metal to have lost since January 1, down 1.2%, while nickel is up 7.0%. Copper is up 2.8% to date and aluminum 8.9%.” 1
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NOTE: All figures are believed to be reliable and represent approximate pricing based on information obtained prior to publication. Advanced Remarketing Services is not responsible for the accuracy or completeness of the information provided, or for the use or application of information herein.