Posted on 07/08/2012 in category Non-Ferrous
BIR World Mirror on Non-Ferrous Metals - August 2012
Increasing our collective knowledge
As many of the world’s economies falter, the availability of non-ferrous scrap seems to decrease. The reduced flow of scrap can be attributed to: a downturn in industrial activity; economic considerations that might encourage hoarding hard assets instead of cash - usually evident in countries with high rates of inflation and diminishing currency utility; outright speculation that market values will increase; or, my personal favorite, “all of the above”.
Despite this likely short-term deficiency in supply, which by the way serves to emphasize the importance of scrap in the supply chain, non-ferrous metals continue to flow in various ways around the world in an ever-increasing and diverse way...
Alter Trading (USA)
President of the BIR Non-Ferrous Metals Division