Metal Monday Episode #4 with Nick and Brett, January 27th, 2025

It's another bloody Monday and Brett and Nick are back to talk about why the markets are looking so rough this morning. Produced by Recycled Media.

Transcription

## Podcast Transcript

[Music]

**Brett**: Well, we got a bloody one, man. How you doing?

**Host**: I’m good, man. I’m good. Obviously, the markets are a little tough this morning in the commodity side, but I think that’s—well, we’re used to that. Copper’s getting its ass kicked. Nickel’s holding strong, but everything else, all the PGMs are getting just killed.

**Brett**: Yeah, but I mean, nickel’s above seven. Aluminum, you know, you’re above 115 still, so we’re surviving. Copper is still in the 420s. The stock market’s getting whack this morning.

**Host**: Yeah, I saw that too. Everything seems like it’s getting triggered. What’s causing all this?

**Brett**: Everything I’ve read points to China coming out with that deep-sea AI, basically blowing up the whole AI revolution, saying, “We’re going to need 500 billion to do all these ventures.” And China’s like, “We could do it for 10 million,” or whatever that number is, creating havoc on the NASDAQ and on the Magnificent Seven stocks like Google, Nvidia—your big tech front runners.

**Host**: Yeah, which makes it tough overall, like an overall outlook, which obviously then affects your crypto; it affects everything. It’s the hype versus the hope versus the actual, trying to figure where the train lands, where it ends.

**Brett**: Hopefully, it’s a lot of overreactions. We might see some recovery this week, but who knows?

**Host**: At the end of the day, it is what it is. That’s what technology does, right? It changes the markets, the speed of computing, how many people are needed to do a job. It used to require more people. Now it’s less.

**Brett**: Luckily, we’re in the commodities world. We’re used to big swings. But we understand that regardless of the computing power, they all need copper, aluminum, PGMs. So, we know our place in this world.

**Host**: Absolutely. I’m optimistic about commodities. Big data centers aren’t going away. They need a lot of steel, power, copper—commodities that we recycle every day.

**Brett**: Let the tech guys figure out the rest. We’ll manage the flow of the commodities needed to power all this crazy stuff.

**Host**: We control our service for our customers. We control our production on material. We can’t control the market; we can’t predict it. We can guess but don’t know. One thing I’ve learned is you can read 100 articles and be as good at flipping a coin to tell you where the market’s going to land.

**Brett**: I’m still optimistic. We’re in the first 10 days of a new president, a new way of thinking. People need to relax.

**Host**: New technology is driving a good portion of the stock market. If you’re in an industry that requires labor, specialized skill set—what we do every day—the world is getting brighter. There’s going to be construction and things happening, so it’s just a blip in the program.

**Brett**: That’s what we’re seeing—markets ebb and flow. We’re seeing a dip, but we might get a run here. Time will tell.

**Host**: Alright, thank you, everybody. Have a great week, and next week will be February, man. Time to go. Thank you, take care.

[Music]