Raleigh, NC
Scrap Metal Recycling

Copper Scrap Prices per Pound

Raleigh Metal Recycling
Aluminum Cans, Batteries, Appliances

2310 Garner Road

Raleigh, NC, 27610

919-828-5426

Copper Scrap Metal Raleigh Metal Recycling

Copper scrap metal and Steel prices are steady this week. At Raleigh Metal Recycling we always work hard to find the best places to sell our scrap metal, so we can offer you the best prices. While there remains lower growth coming from China and Europe, the U.S. is doing OK so prices are up a bit. It is a strange dynamic in that due to the U.S. doing well, the U.S. dollar is strong, so U.S. steel mills are finding it lower cost to buy scrap metal in Europe, vs. Raleigh, NC.

Commodity prices are dropping all over. See the below from the New York Times

We are the largest Metal Recycling operation in Raleigh, NC, and with our ATMs, we pay cash for copper and get you in and out fast with our totally computerized buying process.

Greg Brown

919-828-5426

gbrown@raleighscrapmetalrecycling.com

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Warning Signs From Commodity Prices

By THE EDITORIAL BOARDNOV. 15, 2014

Commodity prices have fallen nearly 15 percent since late June. CreditMonica Almeida/The New York Times

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For many consumers and businesses the recent drop in commodity prices has provided a tidy windfall — one analyst estimated that the typical American household would save $400 a year thanks to lower gasoline prices. But the tumbling price of fuels, metals and other commodities is also sending a warning about the global economy.

Over all, commodity prices have fallen nearly 15 percent since late June, according to a Bloomberg index. Last week, the price of crude oil dropped to a four-year low, about $74 a barrel, down from about $107 a barrel in June. The prices of metals like copper, platinum and silver have also fallen sharply since the summer.

The decline can partly be explained by economic changes taking place in China. In the last two decades, the country has been gobbling up the world’s coal, iron ore, copper, oil and other commodities to build new cities and fuel its booming economy, which grew at an average pace of nearly 10 percent a year for three decades. But that growth rate has now slowed, and with it China’s demand for raw materials. This year, the country will grow at 7.4 percent, according to the International Monetary Fund.

The world had anticipated China’s economic transition, but it was much less prepared for stagnation in Japan and in much of Europe.

In Japan, a sharp increase in a sales tax earlier this year has hurt consumer spending. And Prime Minister Shinzo Abe has largely failed to boost business investment and draw more women into the labor force, two changes he had promised as part of a plan to revive his country’s weakened economy. The Bank of Japan recently expanded its bond-buying program, but bigger government policy changes will be needed to revive Japan’s economy in 2015.

In Europe, government officials and central bankers in the 18-country eurozone have been slow and timid in boosting their economies, even though inflation is less than 0.5 percent and the unemployment rate is more than 11 percent. The European Central Bank should be buying government bonds to pump more money into the economy, a policy known as quantitative easing. But it has been reluctant to do so because German officials are opposed to the policy, which they think would serve to transfer wealth from strong euro nations to weaker ones. It should come as no surprise that the eurozone grew at just 0.2 percent in the third quarter of this year, according to data released on Friday.

The big losers in all this are nations that depend on commodity exports, like Russia, Brazil and Iran. Some of these countries, particularly Russia and Iran, already have substantial economic problems because of Western sanctions and government mismanagement. Brazil’s economy was slowingbefore the decline in commodity prices, and it faces a difficult 2015. President Dilma Rousseff, who recently was re-elected by a narrow margin, needs to diversify Brazil’s economy by investing in infrastructure and making it easier for entrepreneurs to start businesses.

The drop in prices, however, has been good for the United States, which is growing faster than other industrialized economies. Lower oil prices in particular will provide a much needed stimulus to consumers, particularly lower-income Americans who spend a larger percentage of their incomes on fuel; analysts say cheaper fuel has helped raise retail sales in the United States.

But America’s economy could struggle in the coming year if Europe and Japan slip into another recession. About 25 percent of all American exportswent to those two markets in the first nine months of the year.

The economic recovery from the financial crisis was uneven and disappointing. Now, in many countries, it is stalling.