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...Alexandra Dock in Liverpool is one of the UK’s busiest scrap metal yards....
...Ensuring Tata and British Steel can source the high-quality scrap they need will certainly require a major effort to collect and separate scrap metal more effectively....
...“You would have to have a meaningful volume [of scrap] before it would get to us — so our suppliers would be further up in the value chain,” said Aurubis’ chief operating officer of its multi-metal business...
...The deal fell through after conditions for its completion “had not been fully satisfied”, including obtaining regulatory approvals, Baidu said in a filing with the Hong Kong stock exchange....
...One option is to find cleaner ways to make the steel, including electric arc furnaces to recycle scrap metal and direct reduction facilities....
...More recent iterations, namely the Chicago Mercantile Exchange and London Metal Exchange, have had their share of snafus....
...Global mining companies have called for a green premium for sustainably produced nickel traded on the London Metal Exchange, as a flood of allegedly “dirty” supplies from Indonesia squeezes profits for producers...
...As in the aforementioned road movie, Twisted Metal revolves around a journey to Chicago....
...Moving to an industry based on recycling isn’t a silver bullet — and as Thomas notes, its success will require additional investment improving the “collection, separation and enhancement of scrap metal”....
...The London Metal Exchange has won a landmark legal victory against traders who sued over its decision to cancel billions of dollars worth of nickel trades as England’s High Court dismissed claims it acted...
...The UK’s annual haul of scrap steel would cover Hyde Park to a depth of six metres. As more metal reaches the end of its useful life, that will grow....
...And the yellow metal isn’t the most expensive ever. After adjusting for inflation its peak was July 2020, with real prices on a downward path since....
...In other recent scandals, supposed bags of nickel at a London Metal Exchange warehouse were found to be full of rocks, while US trading company Gerald Group bought cargos of tin concentrate in Brazil that...
...This is because London Metal Exchange warehouses have filled up with Russian aluminium that potentially cannot be offloaded because of sanctions. It makes up 90 per cent of inventories....
...The price of copper traded on the London Metal Exchange settled 3.1 per cent higher on Wednesday at $8,927/tonne, its highest since April last year....
...Nickel, however, had a torrid year due to surging supply out of Indonesia and the increasing conversion of low-grade nickel products into a high-quality metal that can be delivered to London Metal Exchange...
...This makes investment in clean technologies — including electric arc furnaces to recycle scrap metal and direct reduction facilities — look attractive....
...In addition, central banks have mopped up a further $155bn of gold as the likes of the People’s Bank of China have increasingly favoured the metal for their foreign exchange reserves....
...“Surging demand in gold’s number one consumer nation shows no sign of letting up,” said Adrian Ash, director of research at BullionVault, an online precious metals investment service....
...Bulgaria have spent more than a decade trying to gain unanimous EU approval to enter Schengen, and their efforts were recently boosted when Austria suggested it was open to lifting its longstanding veto in exchange...
...The inflows into 11 new bitcoin exchange traded funds that received US regulatory approval in January went into reverse this week....
...“The key to making a more sustainable break higher is likely to include the return of ETF [exchange traded fund] buying, which is still largely absent,” he said....
...Before the Falklands were invaded by Argentina, a group of scrap-metal merchants arrived on South Georgia and hoisted an Argentine flag....
...taking the battery metals such as lithium, nickel and cobalt....
...We're making about 3.2mn tonnes of iron or hot metal, as we call it, per year....
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