Metal Monday Episode #13 with Nick and Brett, March 27th, 2023

It's another mobile Metal Monday while Nick visits the Cat Strap facility with the Converter Reclaim team and Brett's at the airport headed to the west coast. Tune in to hear how metals pricing is doing today! Make sure to send any questions you'd like the guys to answer to (208) 487-4311

Transcription

foreign everybody we got a mobile medal Monday again I’m over here at Ohio at the cat strap manufacturer I’ll show people some of these what these guys are doing all these straps getting ready to ship out cool stuff but what I want another Avenue of our business for sure is what is what are the pgms doing Brett since we’re here talking about catalytic converter what are they doing they’re soft this morning everything was looking a little red early so which feels like it’s kind of par for the course right yeah so I think that’s I think that’s kind of what we’ve been facing a lot of lately so the guys here that own cat strap they were asking me They Don’t Really follow the market they were kind of was wondering more on the theft issue they thought is the is the price of it going to get low enough for people don’t want to steal them and I just don’t think it gets that low I think that’s why protecting them it gets more and more important you know so I just don’t see it going that lower the problem doesn’t stop people

steal copper it’s four dollars a pound yeah you can still a converter and it’s still worth a hundred dollars or 200 or 500 it’s gonna get stolen right like let alone if it’s worth a thousand or 1500 so I think the theft will always be a problem until you can prevent it or you know deter it or whatever I mean theft doesn’t go away I mean people steal tennis shoes I mean at the end of the day like it becomes do you have the ability to lock your stuff up and I think that’s that’s what cat strap does right I mean that’s that’s the process of deterring the fact as much as you know preventing it um a locked door deters the back of your front door of your house it doesn’t prevent it if somebody wants in they’ll get in if they the lock door definitely makes them think twice like it’s gonna be a little harder right the same concept yeah so on the PGM side I don’t I don’t feel like I feel like the market is soft right now just because everybody’s trying to figure out which way this thing

goes and they’re taking risk off the table and rightfully so I think that it makes sense but does that change does that you know does that you know copper you’re seeing copper still hanging around four dollars it would start off a little soft this morning and then kind of bounce back and some of your base metals are starting to you know kind of come back a little bit so you know it’s like anything right it’s commodity it adds it flows you know you’re gonna be you know if you’re gonna get to both sides of it the ups and the Downs just can you absolutely so you’re interested in the airport though where are you headed I’m headed to the West Coast to the Northwest to Portland um Portland McMinnville um that area for a few days and then I’ll be and then I’ll be back back in the saddle nice so any news any thoughts on Ferris for next time you know I’ve been here I’ve heard a few people kind of discuss it being softer um I’m yet to see that yeah but I you know that’s definitely an option if it’s softer

it’s not going to be a big sock I don’t think um and there’s a lot of room for it to go down and still be issues are still there so the supply issues are there then it’s hard for me to see a big big downdraft in the pricing but it sucks sideways is soft right now but that changes any day now right things things can change absolutely all right well we will keep everybody posted everyone have a safe a good week out there and thank you for listening to another Metal Monday have a great week thanks guys