Results 1 to 7 of 7

Saturday at the Yard

| General Electronics Recycling

Hybrid View

  1. #1
    eesakiwi is offline Metal Recycling Entrepreneur
    eesakiwi's Avatar
    SMF Badges of Honor



    Member since
    Dec 2010
    Location
    NZ
    Posts
    2,529
    Thanks
    2,906
    Thanked 2,553 Times in 1,226 Posts
    Alis dropped quickly lately, some smelters are up for sale & it seems theres gonna be a bit of a glut for a while.
    (I expect 10 years...!!)



    Ali's $ is based on power prices.
    Aluminias cheap & offset by the iron they get out of the ground along with it.
    ie, they want more iron as the price is high, so they dig up more. Along with the iron, they get alumina, which gets processed into aluminum.

    Now.
    Considering the amount of ali being smelted from new, the smelters that HAVE to run 24hrs a day even if they don't make $ from it & the extra Ali thats getting into the market because scrappers scrap everything & end up with lots of ali (Of my scrapmetal, about 40% of its Ali) being recycled.
    The price is gonna stay low for a long time.

    Our variations in the Ali $ is mostly the $ exchange rates as Ali's brought & sold in US$.
    Our NZ$ weakens against the US$ & our Ali price goes up.

  2. The Following User Says Thank You to eesakiwi for This Post:


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook