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The price of aluminum is rising. Will it reach $4,000 per ton?

2023-01-26, Scrap aluminum prices

The price of aluminum is rising. Will it reach $4,000 per ton?

With the start of 2023, the price of aluminum started to rise from January 6 of this year. During the period of the previous year, the price of aluminum was the highest at the beginning of March and reached as much as $3,840 per ton. However, the price of aluminum continued to decrease until the end of the year. At the end of September last year, the price of aluminum had fallen to its lowest point, and at that time it was $2100 per ton or even less. It is easy to calculate that the price of aluminum has fallen by more than 45% from the highest point to the lowest point during the last year. Observing this situation of the price of aluminum in the metal exchanges, it is not surprising that the price of aluminum scrap has been constantly decreasing in the past year. The price of aluminum is very important for both industry and consumers. Aluminum is a very versatile material used in the production of many products, such as automobiles, construction and electronics industries, energy industries. As a result, the price of aluminum is highly sensitive to economic and political changes.

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The price of scrap batteries should rise

2023-01-20, Scrap Battery prices

The price of scrap batteries depends mainly on the price of lead on metal exchanges. At the beginning of 2023, the price of lead continued to increase. The increase in the price of lead started at the end of October 2022. At that time, the price of lead was about $0.84/kg, and already on January 16, 2023, it reached $1.01 per 1 kilogram. With the increase in the price of lead, it can be expected that the price of scrap lead batteries can also increase by about 20%. In 2022, in March-April, the price of lead on metal exchanges was increased to $1,120 per ton, but after that it continued to decrease. Scrap battery prices have been rising in recent months due to a number of factors. One of the main factors is the increasing demand for scrap batteries as a source of recycled lead. In addition, the prices of new batteries are also increasing, which has made scrap batteries more attractive to many buyers. Despite the price increase, many scrap battery dealers and recyclers are still willing to pay a high price for scrap batteries.

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The price of gold is rising. What to expect in the near future?

2023-01-11, Scrap Gold prices

The price of gold is rising. What to expect in the near future?

By 2023, the price of gold has increased by about 15% compared to the beginning of November last year. November 3, 2022 the price of gold on the exchange was about 1600 USD/Oz, and already in 2023 on January 3, the price of gold reached 1838 USD/Oz. Although the price of gold has not yet reached 2022. at the level of March when gold cost as much as $2034/Oz, but it is likely to reach a similar price soon if it rises at this pace.
As the economy of the world's major countries slows down and inflation continues to grow, it is a bit strange to see that in 2022 the price of gold decreased more than it increased, and only started to increase at the beginning of November. One can form the opinion that the price of gold is somehow artificially prevented from increasing.

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