Scrap You Later - Hold or Sell

Copper prices showed excellent resiliency the other day, with the markets lifting to a level not seen in many weeks, if not months. Generally, large jumps like that come with significant declines, and on Monday, we saw about $0.09 come off the market from the $0.26 added on Friday.

👉 Read more: https://iscrapapp.com/blog/weekly-scrap-prices/

Copper prices were down over the last few days, but we saw a quick recovery on Tuesday with a $0.10 increase. Last week we announced to our YouTube members that there was a nice copper increase, they were able to take advantage of that, and I negotiated with some scrap yards for better prices. If you want to learn how to make more money and get different market tips, consider becoming a YouTube member today!

Read more: https://iscrapapp.com/blog/weekly-scrap-prices/

Let’s talk about being dazed and confused in a market that seems to be more and more confusing as the weeks go on. Here we are in the third quarter and see signs of market weakness, possibly due to the upcoming midterm elections. While we won’t talk about politics, they play into what the scrap prices do, as many people are unsure where markets are moving after elections because of new and upcoming laws and regulations.

Read more: https://iscrapapp.com/blog/weekly-scrap-prices/

📈 Check Scrap Prices: https://iScrapApp.com/ - Going into the fourth quarter, we'll see a lot of questions, primarily until the midterm elections are sorted out. On top of that, everyone continues to talk about recession, recession, recession, and that will lead to a massive decline in the confidence of the markets. Metals are going to follow the confidence of the market. If many people don't think that enormous growth will happen, we will not see reasonable prices going into 2023.

👉 Read more: https://iscrapapp.com/?p=1227542

We have seen little to no movement with the markets. Markets are all over the place, and overall going into the 4th quarter, we do not expect to get much of a market expectation until the post-election cycle in November. 

These markets will be wishy-washy for the rest of the year, and we think now is as good a time as ever to sell. We know many people are not sure about the markets, but we have to think about next year and the looming pullbacks overall in the markets. 

Read more: https://iscrapapp.com/?p=1227235

We have seen copper prices increase by about $0.10 over the last week, which is welcomed. Whether or not that will last will depend on many different factors. Now that we’re starting to see the oil prices go back up and supply cut across the spectrum, this may be a short-lived increase. We continue to recommend selling...READ MORE

Once a month, we will bring in Marc Champagne to help go over energy outlooks and how they will affect the scrap markets. We are excited to do this and to hear what your thoughts are.

With things changing year after year, we are watching these markets and changing market conditions for things like renewable energy, and with more clean energy initiatives, we may see short-term problems but long-term solutions coming.

 Read more: https://iscrapapp.com/?p=1227235

Copper has stabilized with a lot of optimism, going into next year and the next 5 to 10 years based on not only clean energy but the massive demand for worldwide consumption. In the next few years, we could see a lot of copper being consumed for many industries, leading to strong optimism. Today we are seeing prices that might be at the bottom of the market, according to some economists that we’ve been listening to but after massive global growth last year, we have seen the copper prices level out over the last 90 days. 

👉 Read more: https://iscrapapp.com/?p=1227235

The good news? Copper prices this time three years ago were still significantly lower but could also be a little misconstrued because of the number of dollars that will print it off for the last two years.

Read more 👉 this week's report

With copper prices declining, it doesn't worry us in the big picture, only in the week-to-week picture. We think the long-term price of copper will continue to increase as more electric-powered and clean energy projects start to come online and need more of the red metal to be consumed.

Read more: https://iscrapapp.com/?p=1226910