American Recycler — December 2008 Edition








 

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METALS

ELECTRONICS

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PLASTICS

RUBBER

Meltdown of non-ferrous metal market
Slow industrial growth and credit crisis are contributing factors
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Fears of a prolonged recession, thanks to the world-wide credit crisis, is putting pressure on prices of non-ferrous metals, hurting scrap metal processing companies.

“We have witnessed a meltdown of pricing in the non-ferrous sector,” said Jeff Solomon, chief executive of Montreal-based Globe Metal Recycling Services, Inc.

“Low prices have a devastating effect on recyclers. With these low prices there is virtually no margin left on a wide range of (non-ferrous) items and these items will become part of growing inventories of unsold materials accumulating in scrap yards.”      ...read more

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