all right welcome everybody metal monday we are already halfway through november which is insane and last week we saw some good movement in copper finally so yeah things go up up um you saw some other things you saw some of the pgms move up um talking to the inflation is good inflation can be good for metal markets inflation’s good for the scrap business at least for now and that evergrand made their payment yeah was a big driver how crazy is that that we’re over here in idaho wondering like we’re trying to figure out what copper and aluminum we’re going to do we’re like did evergreen and china make their property payments so we can at least this thing doesn’t yeah and it sounds to me a lot of people don’t even understand what making the payment exactly meant does it mean they actually started building some more units no it just means that they they just like any uh publicly traded company like that they go out to investors and they get they get money and they do that they finance those through bonds okay they finance it through uh basically future payments

right on the interest so the big issue with those guys is that they weren’t generating enough equity or the price of property was coming down or they weren’t able to come up with the money but through the next set of investors to pay the interest payment that was coming due to either retire that bond retire that deal or find enough you know another investor to basically take that over and pay the interest on top of it that makes more sense it’s like yeah that’s that’s the issue and who would have thought that that affects global markets the way it is but it’s kind of the people i think get worried right now and the markets are kind of top heavy about that big black swan event that’s gonna kind of crater everything that nobody sees coming right yep and we also saw i mean we saw platinum palladium you know go on a little run we saw palladium continue to be i mean we’re north of 22 right now yeah you know which is great good sign i know you posted on linkedin that the chips are finally starting to come in which that’s

a big driver like that’s going to help your rhodium number really go too yup you know um so it’s just exciting to see things finally i feel like they’re trying to get on track i feel like there’s some momentum on there where things are really going to take off and like we’ve been saying for a few months it’s i really am confident we have a really good strong end of the year and strong first quarter of 2022. i believe so i mean i think it’s setting up that way i think if the ferris the export ferrous markets hold out i think you’re going to see um stronger pricing in december than even on the ferris side than you did this month depending on you know what region you’re in um i also think that on the non-ferrous side the base metals i mean you’re starting to see you know see aluminum kind of find its sweet spot you know it ran up real hard there for a while now it’s sitting around that 1 20-ish and some change um you know i think copper’s it’s kind of bouncing around that for between

4 40 4 45 last week um so i think you’re it’s starting to kind of find its uh leveling out to you know looking to you know maybe see some upside going into the end of the year that’s our opinion my opinion for whatever it’s worth um but as long as inflation is going to be out on the table whether it’s 2 percent or 20 um i feel like you’re you’re in a good position to own some base metals and precious metals for that matter yeah yeah i mean we’re in both of those games so it’s exciting to see things move in the right direction so we can continue to take care of all of our customers and you know and take care of our guys here you know to reward them when we have good movements so absolutely it’ll be yeah it’ll be interesting to see how next few weeks shake out in november i know uh it’s uh on our end we got a we got some big jobs lined out that we’re kind of start working on so we’re kind of betting on the fact that the market’s going to stay

strong and you know we’ll we’ll figure out either we’re right or we’re wrong but it’s not because of lack of trying we’ll know in two to three weeks if we were right or wrong for at least december yep no i i feel good about it i feel good about where the market’s at um so we’ll just kind of keep keep banging away all right we’ll keep everybody posted thanks everybody all right thanks have a great week