ICSG revises 2024 copper forecast
Production growth had been forecasted at 3.7% by the group in October 2023.
Production growth had been forecasted at 3.7% by the group in October 2023.
The Chicago-headquartered company said net income reached $247 million in the quarter ended March 31, up from $30 million in the previous quarter.
On the ferrous side, about two-thirds of the respondents indicated ferrous scrap prices would remain stable, while one-quarter thought they would rise in May.
The global copper market is still tight due to situations like the shut down of First Quantum’s Cobre Panama mine, taking production off the market.
After more than 35 years as the Institute of Scrap Recycling Industries, the Washington D.C.-based trade group is reinventing itself as the Recycled Materials Association, or ReMA.
RMU anticipates participating, connecting with fellow attendees, and absorbing insights from over 150 speakers.
Kataman Metals globally trades about 300,000 tons of copper, aluminum, iron, and other scrap raw materials annually.
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
Toledo Shredding, founded in 2003, is a subsidiary of Fairlawn, Ohio-based ProTrade Group, a fully integrated scrap metal company.
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