Metal Monday Episode #31 with Nick and Brett, July 31st, 2023

On this Metal Monday, copper is up, the guys talk China updates and ferrous is still sideways. If you'd like to guest star on Metal Monday or have any questions you'd like the guys to answer, text us at: (208) 487-4311. Produced by Recycled Media.

Transcription

foreign tell everyone where you’re where you are dude I am camping with my family um heading out today we’ve got a little pool action let the kids get some swimming in and then uh heading home to get back uh tomorrow we got pressure meeting and it’s game on and it’s it’s August man it’s wild to think about today’s the last day of July and then here we go back to zeros you know well I always ask you about um the various markets around this time but let’s talk about copper we broke four dollars again I love it man I love it I uh I was you know I just got a couple loads of chops so we’re gonna get ready to shipped out Leslie I haven’t priced them yet so I’m hoping for a little bit of a run um we’ve got some material to sell today that I’ve kind of been working on so I’m hopeful to kind of capture some of that that little bit of that upside what’s the big mover why is it why is it going crazy all not just copper I mean nickel aluminum everything’s going up you

know I mean I think just the fact that you know China’s the thousand pound gorilla right and they came out and they haven’t really explicitly said what they’re going to do to support their economy you know they haven’t really given big big details but they’re definitely gonna put some put some money to it and I think just that alone is a big enough driver and I think that it’s bad that they start slowing down these rate increases I think that’s going to help the cause yeah because that mean if you look today the dollar is is still up or about by a little bit you know so I mean it’s my gut says it’s got a lot to do with anticipation of China going you know pretty heavy on some stimulus okay good good to hear so have you heard anything about Ferris for August I have not I mean today helps our cause a little bit right I mean if the base metals are getting a little bit of love but I generally think that you know it’s I don’t know what’s we’re gonna drive it a lot higher unless it just becomes

you get to a supply issue right yeah and that could really Drive some maybe some demand or some pricing increases but until we get a until we get some Supply issue I don’t I don’t see that that being the case so I’m I’m like a soft sideways guy unless I hear different then I’ll shine you know gotcha so we’re hoping for we’re thinking sideways you know hope hoping for up but yeah we’ll see what happens and who’s Good Old Hope in one hand and getting the other type of programs fills up but at the end of day I’m just gonna I’m gonna stick with my optimistic self and just say I think there’s I I think there’s a you know not a lot of downside left if there is gotcha well we will we will let people know next week where it lands uh hopefully these copper markets all these non-ferrous markets keep keep rolling and we’ll keep watching them and we’ll keep reporting on them thank you for subscribing some time out of your camping trip Brett absolutely man you know we don’t miss I could tell everybody like you don’t miss

if it’s if there’s a will there’s a wave never miss I’m sure my wife my wife will like look at me like what are you doing like a podcast when we’re here or there I’m like it’s a commitment that you and I have made that we do it every Monday and that’s just the rest the way it is I got some uh nasty looks from my family when I was in line at Disney Disney World I was in line but we did one we did it anyway yeah it’s Monday it’s metal Monday I gotta do it so I appreciate it we will strive for this one and we’ll keep them coming the goal is just to keep everybody updated with what we’re hearing right and just kind of keep everybody informed and then for us to talk a little bit shot so you know we welcome you know other people’s input and we’re uh we’re still in the background cranking away trying to keep this ground moving over here in Idaho yeah if you ever want to join us on Metal Monday hit us up in the class we can have a guest where’s

the car we level up we love some guests speaker action yep so hit us up in the comments shoot me a message shoot bread message we’ll get you on absolutely have a great great week thank you everybody have a great week bye thank you