Today's Raleigh, NC Scrap Metal
Junk cars - Salvage cars
Copper, Aluminum Cans, Steel, Brass++
Copper, Aluminum Cans, Steel, Brass++
Recycling Prices Per Pound
In Raleigh, NC, Cary, NC, Durham, NC
Sell Your Junk car for Cash
We Buy Junk Cars
Recycling Prices- 12/13/14
SCRAP METAL BUYERS!
Raleigh Recycling Center
Junk Yard, Salvage Yard
919-828-5426
-Great Prices
-Outstanding Service
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!
-Junk Cars-We TOW, or you Drive in, or Tow in
Scrap metal prices are up this week! After copper hit a 4.5 year low in prices two weeks ago and steel hitting about a 3 year low, it is possible that worst is over. We have recently raised prices twice for steel, Junk Cars, Salvage Cars. Copper is now up as well. See the below article about copper prices
-Junk Cars
-Salvage Cars
Raleigh Metal Recycling
2310 Garner Road
Raleigh, NC
-Outstanding Service
-Industrial Pick Up and Public Drop off
-11 Digital Scales to get you in and out-FAST!
-Junk Cars-We TOW, or you Drive in, or Tow in
Scrap metal prices are up this week! After copper hit a 4.5 year low in prices two weeks ago and steel hitting about a 3 year low, it is possible that worst is over. We have recently raised prices twice for steel, Junk Cars, Salvage Cars. Copper is now up as well. See the below article about copper prices
Raleigh Metal Recycling here in Raleigh, NC, is where always do our best to pay you the most for scrap metal every day. We communicate prices to you 24/7. When you call our phone number 919-828-5426 and press 2, you will hear a recording with "Today's prices". This is for:
-Steel Recycling
-Cast Iron Recycling
-Copper Recycling
-Yellow Brass Recycling
-Red Brass Recycling
-Aluminum Recycling
-Aluminum Can Recycling
-Appliance Recycling
-Computer Recycling
-Electronics Recycling
-Junk Cars
-Salvage Cars
-Stainless Steel Recycling
-Cardboard Recycling
-Cardboard Recycling
-Battery Recycling
-and more.
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| Raleigh Metal Recycling, NC, for Scrap, Copper, Junk Cars, Aluminum and more! |
We continue to have a three part focus at Raleigh Recycling
1) Public (Drop off)-or we pick up Junk Cars
2) Industrial/Commercial customers
3) Demolition Customers
If you are a large Commercial, Industrial or Demolition company, you should call call me, Greg at 919-828-5426. We can give you prices for scrap metal, Cardboard, Copper, Electronics, Computers and more.
Or for just Appliances Disposal, Appliance Pick Up or Junk Metal removal, just call Kenny at 919-348-0545!
JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL-Junk Car Pick Up!-Get Cash on the spot
When in Raleigh, Durham, Apex, Butner, Cary, Chapel Hill, Clayton, Dunn, Garner, Henderson, Knightdale, Lumberton, Oxford, Mebane, Morrisville, Roxboro, Sanford, Smithfield, Wake Forest, Burlington, Fayetteville, Fuquay-Varina, come see us at:
Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610
Tel 919-828-5426
1) Public (Drop off)-or we pick up Junk Cars
2) Industrial/Commercial customers
3) Demolition Customers
If you are a large Commercial, Industrial or Demolition company, you should call call me, Greg at 919-828-5426. We can give you prices for scrap metal, Cardboard, Copper, Electronics, Computers and more.
Or for just Appliances Disposal, Appliance Pick Up or Junk Metal removal, just call Kenny at 919-348-0545!
An important part of our company is that we have 11 digital, NC State certified scales that we use to service our Industrial and Commercial Customers. Almost double our closest competitor, meaning we get you in and out fast and with accuracy! We are not just a Junk Yard or a Salvage Yard, or even a Scrap Yard. We are a major Raleigh NC, Recycling Center.
Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you! We even ship our steel out mostly by rail car (not trucks) to save money in shipping, which we pass on to you
Importantly, we sell direct to Steel mills or divisions of steel mills, not to middle men who take a commission, so we pass that savings on to you! We even ship our steel out mostly by rail car (not trucks) to save money in shipping, which we pass on to you
JUNK CARS, Salvage Cars
1) WE TOW-JUNK CAR-JUNK CAR REMOVAL-Junk Car Pick Up!-Get Cash on the spot
-Sell your junk car for cash
-Any condition, running or not running
-Keys or no keys, engine or no engine
-Call 919-758-3764 for:
JUNK CAR REMOVAL, Junk Car Towing
2) Drive it in, or you tow it in!-Get Cash on the spot
-Any condition
-In and out fast!
-Any condition, running or not running
-Keys or no keys, engine or no engine
-Call 919-758-3764 for:
JUNK CAR REMOVAL, Junk Car Towing
2) Drive it in, or you tow it in!-Get Cash on the spot
-Any condition
-In and out fast!
-Sell your junk car for cash
Come to us at:
Raleigh Metal Recycling
2310 Garner Road
Raleigh, NC 27610
Telephone- 919-828-5426
When in Raleigh, Durham, Apex, Butner, Cary, Chapel Hill, Clayton, Dunn, Garner, Henderson, Knightdale, Lumberton, Oxford, Mebane, Morrisville, Roxboro, Sanford, Smithfield, Wake Forest, Burlington, Fayetteville, Fuquay-Varina, come see us at:
Raleigh Recycling
2310 Garner Rd.
Raleigh, NC 27610
Tel 919-828-5426
www.raleighscrapmetalrecycling.com
When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530
Tel: 919-731-5600
When in Goldsboro, LaGrange, Kinston, Mt. Olive, Smithfield, New Bern, come see us at:
Goldsboro Recycling
801 N. John St.
Goldsboro, NC 27530
Tel: 919-731-5600
www.goldsboroscrapmetalrecycling.com
When in Wilson, NC, Tarboro, NC, Rocky Mount, NC, come see us at:
Wilson Scrap Metal Recycling J & G
404 Maury Road S
Wilson, NC, 27892
Tel 252-243 3586
www.wilsonncscrapmetalrecyclingjg.com
When in Wilson, NC, Tarboro, NC, Rocky Mount, NC, come see us at:
Wilson Scrap Metal Recycling J & G
404 Maury Road S
Wilson, NC, 27892
Tel 252-243 3586
www.wilsonncscrapmetalrecyclingjg.com
Greg Brown
gbrown@raleighscrapmetalrecycling.com
Tel 919-828-5426
Links
Scrap Metal Recycling
Junk Car Sell for cash, Junk Car Removal
gbrown@raleighscrapmetalrecycling.com
Tel 919-828-5426
Links
Scrap Metal Recycling
Junk Car Sell for cash, Junk Car Removal
Glencore to benefit from resilient red metal
December 13 2014, 7:00am
Escalating concerns over the outlook for the Eurozone and Asia took the shine off last Friday’s robust US employment report, while falling oil prices dragged many related sectors lower.
Opec cut the forecast for how much crude oil it will need to provide in 2015 to the lowest level in 12 years amid reduced estimates for global consumption and booming US shale production. Brent sank below $64 a barrel, its lowest level in over five years, extending a slide that has seen crude fall more than 45% since June.
European equities fell as renewed concerns over the political stability of the region intensified after Italy’s credit rating
was downgraded and Greece’s presidential election was brought forward. Standard & Poors cut Italy’s sovereign credit rating from BBB to BBB-, one notch above junk status, citing the country’s weak growth. Meanwhile, the prospect of an election in Greece risks triggering an exit from the Euro or a fiscal debt write-off, which sent the Athens stock index sharply lower.
was downgraded and Greece’s presidential election was brought forward. Standard & Poors cut Italy’s sovereign credit rating from BBB to BBB-, one notch above junk status, citing the country’s weak growth. Meanwhile, the prospect of an election in Greece risks triggering an exit from the Euro or a fiscal debt write-off, which sent the Athens stock index sharply lower.
Economic data from the region failed to dispel the gloom, as Germany’s factories posted a meagre rise in output this November, as the slumping Euro failed to lift exports. Germany’s exports have become relatively cheaper, yet hopes of a corresponding jump in manufacturing have yet to be realised.
from the region failed to dispel the gloom, as Germany’s factories posted a meagre rise in output this November, as the slumping Euro failed to lift exports. Germany’s exports have become relatively cheaper, yet hopes of a corresponding jump in manufacturing have yet to be realised.
Industrial production grew by just 0.2% in October compared to the month before, according to official data, falling short of the 0.3% growth expected by economists. German imports posted their steepest drop in two years, while exports from Europe’s powerhouse economy also declined, sending the Euro to a fresh two-year low against the dollar.
Meanwhile, Chinese stocks continued to shrug off disappointing data, amid growing expectations that recent signs of slowing growth will spur the People’s Bank of China to provide further policy accommodation. Exports grew at the slowest rate in six months and imports fell the most since March, yet the Shanghai Composite remains about 40% higher than it was in July.
On a domestic front, industrial output unexpectedly fell 0.1% in October, below expectations for a 0.2% increase, although the UK’s trade deficit narrowed to a seven month low in October. The Office for National Statistics said the UK's trade deficit in goods and services stood at £2bn in October, compared with £2.8bn in September, increasing the likelihood that growth will remain robust in the final quarter of 2014.
Technical analysis of the FTSE 100 illustrates the recent weakness after the index failed to break above resistance at 6750. The blue-chips have fallen through both the 50 and 200-day moving averages, which combined with the oscillators having slightly further to fall before becoming acutely oversold, points towards more short-term weakness. Support is seen at 6420 and 6310, which should underpin this wave lower.
The mining sector has come under pressure over recent months as the strong dollar and global growth concerns have dragged metal prices lower. Iron-ore has halved over the past year, as the likes of Rio Tinto and BHP Billiton have flooded the market with surplus reserves, sending the sector sharply lower.
Copper, however, has only fallen 12% over the year on concerns of falling Chinese demand and fears of surplus supply in 2015. Yet Chinese consumption has proved to be resilient, with a surprise cut in interest rates easing credit conditions, forcing analysts to lower their surplus forecasts. Chinese copper consumption has grown at an average of 16% year over year from August to October.
conditions, forcing analysts to lower their surplus forecasts. Chinese copper consumption has grown at an average of 16% year over year from August to October.
Glencore (Epic: GLEN), the Anglo-Swiss mining giant that completed the record-breaking acquisition of rival Xstrata in 2013, has fallen 22% over the past six months, despite having no exposure to iron ore.
The UK’s largest listed miner has the biggest exposure to copper among the diversified miners, deriving almost half its profit from the red metal. Telis Mistakidis, head of copper at Glencore, said strong Chinese demand and expected mining disruptions could actually lead to a deficit of up to 1.8m tonnes next year.
Interim results on 20th August revealed earnings before interest, tax, depreciation and amortisation of $6.5 billion, exceeding consensus forecasts of $6.3 billion. The company also announced a share buyback programme of up to $1 billion that is 65% complete.
also announced a share buyback programme of up to $1 billion that is 65% complete.
At an investor day this week the Swiss miner and commodity trader said that it is planning to return excess capital to shareholders via dividends, share buybacks and/or other special distributions, while also considering strategic acquisitions.
Glencore was rebuffed by larger rival Rio Tinto in July to create the world’s biggest mining company with a combined market value of about $150 billion. Chief executive Ivan Glasenberg, however, continues to look for prospects, stating: “A recent slump in oil and iron ore prices provides potential M&A opportunities from distressed sellers”.
of about $150 billion. Chief executive Ivan Glasenberg, however, continues to look for prospects, stating: “A recent slump in oil and iron ore prices provides potential M&A opportunities from distressed sellers”.
Glencore trades on 10.5x forecast earnings, a slight premium to peers Rio Tinto and BHP Billiton, yet with over 25% earnings growth expected next year, it puts them on an attractive PEG of 0.42. The balance sheet is robust, with strong cash-flow and shareholders will receive a 3.7% yield, with the possibility of additional returns when the company reports in March.
The chart of Glencore illustrates the recent weakness, taking the shares down to a 12-month major technical support level. Meanwhile, the bearish divergence that is becoming evident from the oversold oscillators indicates an improvement in underlying momentum, which should enable Glencore to outperform.
The US economy remains strong, which combined with imminent additional stimulus from China and Europe, should support global growth and demand for raw materials. Glencore’s market leading position and strong balance sheet should enable the company to capitalise on resilient copper prices and strategic acquisitions within the sector.
At the time of writing the share price is 294.85p, which investors might consider buying for a bounce with a tight stop loss below support at 286p. Near term targets are seen at 309.6p, 319.7p and 338p.
This report was written by Mark Allen – Head of Derivatives at Simple Investments Stockbrokers. The writer does not hold a position in Glencore, but client accounts may. The material in this report has come from Simple Investments internal data sources, Simply Charts and Glencore’s corporate website.
