From: Platinum Slammed by Supplies, Dollar (WSJ) By Tatyana Shumsky A strong dollar is pressing down on platinum. The precious metal, whose uses range from car-exhaust filters to jewelry, tumbled to a six-year low on Monday, weighed down by a surge in supplies that stems in part from the South African currency’s sharp depreciation against the U.S.
Across the country, automotive experts are watching the price of some used vehicles drop. Smaller cars – subcompacts and entry-level sports cars – are seeing a 2.5% reduction in price on top of previous low prices.1 In the past, consumers have been reluctant to donate a car or truck to charities like The American Cancer
From: U.S. Is Awash in Glut of Scrap Materials (WSJ) By James R. Hagerty American companies have complained for the past year that the headwinds of a strong dollar and a slowing Chinese economy are hurting their earnings. For sellers of scrap metal, used cardboard boxes, and other waste, those headwinds are more like a hurricane.
Updated through the second quarter of 2015 Scrap metal market watch graph from first quarter 2011 to second quarter 2015. Over last quarter, scrap metal prices for crushed auto bodies declined 22.57%. Over Q2 2014, scrap metal prices for crushed auto bodies declined 47.31%. Over Q2 2013, scrap metal prices for crushed auto bodies declined 54.42%. Over Q2
Scrap Metal Market Trends Scrap metal prices for crushed auto bodies have finally ceased declining monthly. We’ve seen a increase of 2.67% over the past month, a decline of 43.90% over the past year, and a decline of 52.90% over the past two years. Chart | Scrap Metal Market Trends
You’ve heard this old adage before, but it’s really true! At least the part about May bringing flowers is true. At least here in our office it’s true. Every Tuesday, clients of the James L. Maher Center, like David Blank in the photo to the right, bring vases of flowers to employees in our office who participate
The scrap metal industry at times gets a bad rap, whether it’s criminals trying to extract scrap metal out of an elementary school, or a church, or how about stealing an entire bridge?! The negative public perception that exists of the scrap metal industry unfortunately isn’t going away even as the price of scrap metal declines and
Yu Zhilin, a farmer from Hengyang, China has capitalized on the popularity of the Transformers movie franchise in China with the aid of his son, Yu Lingyun. This father/son team, using only their ingenuity(as well as some instructions found while traversing the internet), and scrap auto parts are making waves globally for creating statues of Transformers’ mainstays Optimus Prime and
Dad always said if you’ve got good news and bad news…finish with the good news. It leaves your listener feeling better. So, here it goes… The bad news is it’s becoming a challenge to remember that most people are good and that the world is a great, beautiful place filled with kind, helpful people. We’re
While the world reacts to China’s economic slowdown, the tone among the country’s top government officials remains calm. That’s because the growth rate (previously 10%, predicted to drop to 6.3% in 2016) has been intentionally slowed since 2012. A report published that year by the International Monetary Fund suggested that while China’s capital-to-output ratio was