Today's Scrap Metal Prices
in Wilson, NC, Elm City, Rocky Mount
North Carolina-11/29/14
-Great Prices
-Great Service
-Industrial and Public Welcome
-All Digital Scales to get you in and out fast!
Today's scrap metal prices are in flux. Copper has hit a 4+ year low on world markets, so we have had to reduce our price. It may still go lower. See the below two articles on copper. Steel last month hit a 3 year low last month. We have heard steel may have bottomed out, so we actually raised prices this week on steel.
We continue to do our best to pay you the most for scrap metal every day. We also try to communicate the price to make it easy for you. When you call our phone number 252-243-3586 for "Today's prices". This is for:
-Steel
-Cast Iron
-Copper
-Yellow Brass
-Red Brass
-Aluminum
-Aluminum Cans
-Appliances
-Computers
-Electronics
-Junk Cars
-Salvage Cars
-Junk Cars
-Salvage Cars
-Stainless Steel
-Batteries
-and more.
We continue to have a twin focus for our business,
1) Public
2) Industrial/Demolition customers.
This means if you are a large Commercial or Industrial company, you should call 919-252-3586 to discuss prices. We can give you prices for scrap metal, Cardboard, Copper, Computers and more.
1) Public
2) Industrial/Demolition customers.
This means if you are a large Commercial or Industrial company, you should call 919-252-3586 to discuss prices. We can give you prices for scrap metal, Cardboard, Copper, Computers and more.
An important part of our company is that we have digital, NC State certified scales that we use to service our Retail, Industrial and Commercial Customers. We get you in and out fast and with accuracy!
Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you!
Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you!
When in Raleigh, Durham, Apex, Clayton, Henderson, Oxford, Morrisville, Smithfield, Wake Forest, Burlington, Fayetteville, come see us at:
Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610
Tel 919-828-5426
www.raleighscrapmetalrecycling.com
When in Goldsboro, LaGrange, Wilson, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530
Tel: 919-731-5600
Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610
Tel 919-828-5426
www.raleighscrapmetalrecycling.com
When in Goldsboro, LaGrange, Wilson, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530
Tel: 919-731-5600
www.goldsboroscrapmetalrecycling.com
Greg Brown
gbrown@wilsonncscrapmetalrecyclingjg.com
Tel 252-243-3586
Greg Brown
gbrown@wilsonncscrapmetalrecyclingjg.com
Tel 252-243-3586
Wilson Scrap Metal Recycling Center
Roll off trailers, Scrap Metal, Gondola Trailers for Sale
The 2015 Metals Outlook Series: Copper
By Cole Latimer 28 November 2014
Editorial
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| Wilson, NC Scrap Metal Recycling-252-243-3586 |
Copper mining is a dying industry, having passed the point of maturity it is now in decline.
While there is extremely moderate growth predicted in the next five years, the world price of copper is forecast to steadily decline.
The future is not bright for this crucial metal, even as demand slowly increases.
According to a BHP Billiton presentation and recent United Nations data, demand for the metal will increase as many third and second world nations develop, creating long term drivers with increased consumption as they build their infrastructure.
This in part is due to the massive shift society is seeing, precipitating a decline in rural populations to greater urbanisation and in turn economic development.
With the global population currently standing at more than 7.1 billion it is almost evenly split 50/50, however "the urban population is expected to grow globally from 3.6 billion (as of 2010) to 4.3 billion (in 2020) and to 5 billion in 2030," the UN data stated, eventually accounting for 60 per cent of the world's total population.
Unicef reports that by 2050 around 70 per cent of the world will live in cities.
Australia will also be one of the most urban nations in the world, with 94 per cent of people living in cities or metropolitan areas.
China and India alone will have cities with more than a billion people living in them.
In the meantime the rural population is predicted to remain flat at around 3.5 billion for the next three decades.
As part of this massive shift towards urban centres commodity demand is forecast to grow in line.
These people will need to build, power, and run their cities, and copper will be the metal that will allow them to do so.
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| Copper Wilson, NC Metal Recycling-252-243-3586 |
According to BHP "Chinese copper intensity doubles from rural (less than 500 000 people) to smallest urban centres; and more than triples from rural to large urban centres".
It is proven that demand evolves with economic development, although "copper [does] plateau later in the industrialisation cycle" both "China and India are still in the early stages of development".
In explicit terms, the total demand for semi-fabricated products is expected to grow at three per cent compound annual growth rate (CAGR) over the coming decade, with the primary drivers China and India sitting at five and ten per cent CAGR respectively.
While average industry copper grade percentages remained fair-ly consist in process feed from 1980 to 1998, they have been on a sharp downward slope that looks to get only worse.
High grades, high quantity mines such as Escondida, Grasberg, Bingham, Olympic Dam, Prominent Hill, Northpakes, Cadia or Ernest Henry are unlikely to be on the cards again.
"Due to these declining grades the average run of mine (ROM) grades for copper have actually fallen by three quarters to less than one per cent, yet at the same time annual supply increased from under one million tonnes to more than 16 million tonnes," BHP CEO Andrew Mackenzie said.
According to a Wood Mackenzie report from 2012 "copper grades have declined at an average rate of 2.8 per cent per annum over the last decade".
It went on to state that at current production rates the quality will continue to decline due to the depletion of existing resources and these lower grade ores.
As Wood Mackenzie points out: "New discoveries have not been able to reverse the long term trend [of decline]".
This, coupled with BHP's Andrew Mackenzie's comments on grades, projects a bleak future.
And while there is likely to be a short term spike as long awaited projects come online, in the longer term the forecast resource depletion means that a new, and currently unknown supply is needed.
The only likely saviour, in terms of Australian producers, is a weak Australian dollar, which will push up revenues despite prices remaining fairly flat.
According to IBISWorld re-search "industry revenue is fore-cast to grow at an annualised rate of 1.5 per cent over the next five years to US$7.1 billion in 2019/20".
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| Wilson, NC Copper Mine |
"This reflects the combination of higher output levels, a weaker Australian dollar and higher US dollar prices.
"If the Australian dollar de-preciates against the US dollar, export demand increases and contracts will earn domestic players more revenue."
Speaking to BNP Paribas managing director energy and natural resources - investment banking Asia Pacific, David McCombe, he explained in the short term "copper will be coming off over 2015 through to 2017, but it will be moving up again to the back end of 2017."
Much of this is due to the "current imbalance because of higher supply, as there is around 23 million tonnes of supply but only about 22 million tonnes of demand".
"This will not be a massive move down, but this oversupply will hurt for some time."
ANZ head of economics corporate and commercial, Justin Fabo, added that "copper looks vulnerable enough to slip back through the US$7000 per tonne mark as we approach the normally quiet northern hemisphere summer".
"Operating rates at copper tube and pipe fabricators fell below 80 per cent mid-year, an indication that end-user demand is weak; we would be positioned for some further downside in the short-term."
However IBISWorld added "increased output [will] more than offset lower Australian dollar copper prices".
Looking beyond this period Wood Mackenzie estimates a price of US$300 per pound by 2020 and beyond while analysts polled by Consensus Forecast expect an average of US$291.8 per pound for 2018 through to 2022.
In terms of revenue for the industry growth rates are set to slow progressively over the next few years before entering into a brief period of decline in 2017/18, before returning to minimal growth in the next period.
Copper falls to 8-mth low, slump in oil prices drags commodities – ASIA METALS
Base metals were mostly lower during Friday’s Asian trade, with the copper price falling below $6,500 per tonne at one point. Oil prices plunged after OPEC decided not to cut its production at a meeting yesterday, dragging the overall commodity complex with it.
Oil prices plunged after OPEC decided not to cut production at its meeting yesterday, leaving its 30 million barrels a day (mbpd) production limit unchanged. Brent crude oil subsequently slumped to a low of $72.78 per barrel, its cheapest since August 2010, while WTI hit $69.44, its lowest since June 2010.
The fall in oil prices dampened sentiments in the commodities market, with gold falling to the current $1,184.60 per ounce.
General sentiment surrounding metals is still weighed to the downside - a solid recovery is needed for any serious moves to take place. As well as the struggling eurozone and China, where interest rates were cut last week, there are signs that the US economy is stuttering now.
Today also marks the end of the month, so there may well be an upsurge in booksquaring and positioning activity towards the close. Next week sees December traded options declared on Wednesday.
In the metals, copper was quoted last at $6,514 per tonne, down $36 on yesterday’s close. Earlier this morning, it fell briefly below $6,500 to an eight-month low of $6,484.25 per tonne. In spreads, the benchmark cash/three-months was last showing a backwardation of $57.50.
“I guess its oil dragging all the commodities down, other than that, the Chinese are still happy to short copper,” said a Singapore-based trader.
Aluminium fell just $3 in price; the light metal has held up pretty steadily with widening spreads. Cash/threes are now at $31 backwardation, up from $25 on Thursday. Yesterday, inventories fell 10,025 tonnes to 4,332,400 tonnes, the lowest now since January 2011.
In other metals, nickel was $68 lower at $16,355. Stocks were up 1,854 tonnes at a new all-time peak of 401,850 tonnes and cancelled warrants rose 2,508 tonnes to 97,530 tonnes.
Zinc at $2,256 is flat while lead at $2,051 is $9 lower in price. Tin was last quoted at $20,220, $30 lower but no trades has been done yet.
