foreign Metal Monday with Brett how you doing today Brett I’m good man I’m good just enjoying some family time um in Hawaii and trying to keep wheels on the bus at work as well so go and look at my laptop this morning look at these markets it’s pretty typical for what Mondays we see man I mean Copper’s off a couple cents nickel’s getting whacked killed um you know I don’t it’s gonna be interesting to see how this whole Russia deal plays out because you’re seeing it push the pgm’s hard and I mean uh huge up on rhodium what like Friday Saturday that when he saw that yeah oh great like up three grand three thousand yeah all got taken away today yeah and it seems like and that I don’t know like there’s obviously some real trading going on right I mean most Commodities don’t really Swing Swing like that but and the reality of it is um I think that rhodium is still probably of all the pgms and we’ve been talking about this but I still think rhodium’s got the most potential just because it’s so thinly traded so when you have

a commodity that’s thinly traded like that you know the littlest amount of pressure can push it either direction right so lately you’ve been getting pressure people selling selling rhodium so you’ve been getting a little bit of pressure every single day pushing that commodity down all it takes is that something to happen geopolitically with Russia or South Africa which is where that commodity is primarily mined right something happens all of a sudden you’ll see that that switch flip and you know it can go off like a rocket just because there’s only so many ounces being traded every single day yeah you do so you have to pay attention to it you can’t think it’s going to stay under 5 000 forever you know if you look at the history of it you think it’s gonna get back at least above 10 000 at some point like you know and and if I had a crystal ball you know we’d be sitting on the beach all the time but we’re not yeah and then trying to figure out we are the market trying to see these crazy fluctuations see with some of this geopolitical stuff’s going

to do um you know it sounds gonna be interesting to see what Ferris scrap does this month like not to switch it up too hard on you but I think that I’m curious what because obviously the steel mills are trying to create a floor in the pricing right so you’re seeing new core now CMC they’ve pretty much said okay we’re gonna we’re gonna put a minimum on steel price and we’re gonna raise 50 bucks that we’re starting you know back to 900 on Hot Roll coil and I think that they’re trying to put a floor on the market it’s hard to put a floor on the market if you’re still driving the price is scrap down right so I’m curious what is it what does it look like going into July I mean it feels kind of squishy sideways is what my like what you know from what I’m hearing and what I’m reading it feels a kind of a sideways push um but I think it’ll you know time will tell but it feels like you know it’s hard for them to push the scrap price down again at least hit the floor

you know I don’t know if I’m just being like optimistic that it doesn’t go down anymore but it feels like the floor’s been hit is that a temperature for for 60 days you know I I don’t know you know because that floor is only a real floor until it’s not until it gets broken again yeah you know exactly yeah you know but that’s what it feels like to me it feels like we’ve we’ve hit kind of maybe the bottom for for now um obviously we’ll watch and see see what what it does you know these you know like you said earlier copper went down two cents and Nichols getting smashed hey copper I mean it was it was trying to make a push back towards four dollars you know just a week ago and then um I think that the FED came back out and took some gas out of the market talking about you know you know may have pausing the rate hikes but you know with maybe the economy being stronger housing starts that there there’s going to be renewed interest and maybe looking at hiking the rates again a little bit

farther so that being said that puts pressure on the base Metals which puts pressure on the commodities prices um so we just kind of have to see what that looks like um like I said you know we’re kind of at the mercy of any any big geopolitical event as well that could you know create really good strength in these markets or you know who knows okay aluminum is soft still that’s something you got to pay attention to that market is definitely softened up and feels from what I read they say it’s kind of oversupplied which is never good on the scrap side you know um so you have to really want to keep that material moving and going so you think aluminum’s got has not probably seen a floor then I don’t think so man it feels like there’s room still to go yeah so that one might seem more of a Deadpool see we’ll just kind of see how everything plays out and we’ll see what the summer brings here and you know and even here in Idaho we haven’t really really hit got into our stride for summer weather you know it’s

it’s common yeah we’re gonna get in our 100 degree weather here next week around July um and then we’ll just kind of see you know and then around Fourth of July we’ll start to know where the fairest Market’s gonna be so but all right Brett um absolutely man enjoy the rest of your trip and we will see you in person next week we will be there all right but take care