Metal Monday Episode #52 with Nick and Brett, December 27th, 2022

Brett and Nick are back to discuss pricing as we close out the end of the year and make predictions for 2023. Make sure to leave any questions you'd like the guys to answer either in the comments of this video, or on our LinkedIn or Instagram accounts.

Transcription

foreign it’s our last one of the Year Brett how you doing man dude I’m doing good man 52 for 52. next year but we’re going to check it out next year I’m excited for that we’re gonna still do metal Monday we talked about internal we’re gonna do a q a day you know we’re gonna today we’re gonna take questions so I want to set up we’re going to set up a text line text line for questions um we’ll we’ll produce that we’ll get the text tonight and we’ll send it out to everybody so if anybody you can text in a question as well um but just to give anybody a little insight you have a question or a thought you know we can discuss it but just kind of switch up the switch it up a little bit we’re looking forward to a good 2023 um the markets are getting a little steam this morning which is always a good thing yeah we saw copper breakthrough 390 on the comex what’s going on why is copper going crazy do you know why that is um because we did Metal Monday on a Tuesday like

we always talk about you’re welcome yeah you know the pgms are green you know Copper’s green everything is uh lit up in lit up in green so we must we must be doing something right today and the lme still closed I think is it closed this whole week or is it just today I’m not 100 sure obviously we sell you know we trade most of the metal off of the Comax um pgms copper um aluminum you know that’s that’s different obviously that’s more lme driven nickels lme driven um but for the most part that’s the ones we pay attention to so I’m not 100 sure I I wish I had an answer for you on that question and a lot of this traction we’re seeing on copper the pgms is the student with China opening I think so man I think that is you know we’ve been talking about this you know going you know going into this year he’s kind of waiting for waiting for for China to Unleash the Beast if you will on the economy which is you know one point whatever billion people you know of consumption that they’ve been

kind of tamped down for a few years now and not really been able to to do anything it’s going on three years which is crazy um and you know that’s a big economy there a big consumer of a lot of Base Metals you know Industrial Metals consumer goods so it’ll be I think 23 that’s the that’s the uh the wild card if they if that get that thing open back up and and there’s a little bit of demand push it could be game on well that’d be exciting to see I mean we’ve been talking about it for years really once they open up we project yeah laziness to happen and maybe that we’re going to see that this first quarter of 2023. so I think we could man I mean I’m optimistic you know I think it’s still going to be a challenging year with interest rates and whatnot the fed’s still trying to slow down the domestic economy but you know like the old the old saying goes you still need two players in the auction right so I mean if we can get a somewhat decent domestic market and a strong export

Market I mean base Metals could be you know and could be effective pretty positively um so I’m forever The Optimist just like you only that’s only I only know one way and that’s all gas no brakes and I’m I’m not changing now I mean so far it’s been okay I mean we still got lights on you know we still uh my house electricity Bill’s paid looks like the bills are paid there at the the podcast studio so we still got lights here running water you know we’re doing good so I mean that’s going to be the theme 2023 um is all gas no breaks at least for us all right everybody look at our social social media for the text line we’ll put it out there this week I’d like to get some q a going next week so sending those questions and everyone I have a safe and Happy New Year’s New Year be smart enjoy yourself close out 2022 in a good way and uh bring on 23. let’s go all right thank you everybody all right have a great week