all right welcome everybody we got a metal monday going on right now how you doing brett i’m good man just trying to shake the cobwebs after um a week in vegas yeah we just got back from vegas we went there for converter reclaim we had a booth at sema and it was awesome the booth was awesome the customers potential customers we talked to the real need for what we do on the converter side was clear you know clear as day after the thing because you know it costs a lot of money to do that and we did it and it was fun and i hope to do it again the best lessons in life are the most expensive yes good or bad right yeah that seems like that seems like the way it is but i also my dad always told me you got to spend money to make money and if you’re not if you’re afraid to spend then you’re probably never going to set yourself up for a position to to make if you’re if you don’t uh if you’re not willing to shell it out at the beginning why we

might as well talk about those markets how are those markets doing you know the ferris market is strong this month um you know depending on the region depending on the the grade anywhere from 20 to 30 bucks i’ve heard in the midwest that’s even stronger as far as on this end um you know the west coast maybe not as strong right now but definitely trying to keep pace why is that is it because they’re shipping to different ports is it it just depends it depends on the steel mill you’re dealing with it depends on the region it depends on what their need is you know it depends on there’s just so many factors is it because there’s a lot more still mills back east too they have a lot more to feed yeah in the midwest there’s more steel mills you know i really believe 22 that this economy holds on can be a bang-up year for iron ferrous material because the reality of it is as long as the steel mills are holding even close to what they’re clipped the pace that they are today there ain’t enough iron out there like

and and i i’ve been preaching that drown for a little bit but and banging that drum for a little bit but i’m telling you like i’ve been doing this for a little bit and i truly absolutely believe that if the economy doesn’t just take a crap there ain’t enough iron out there there’s not enough copper out there to supply what’s coming down the line like the infrastructure bill i mean even if it’s a paired back infrastructure bill yeah i mean there is a reason why bluescope steel bought metal x at least the ferrous side right yeah there’s a reason why these steel mills are buying the scrap producers they’re trying to dig down deeper into the value chain because they know that what they don’t want to have happen is they don’t want to lose that the feed stock right because the worst thing a steel mill can do is lose speed stock and if you if you and if you if there’s ever an opportunity for say a shredder or an export facility or whatever that is to go somewhere else other than the steel mill that they’re used to selling to they’re

trying to stop that at the they’re trying to cut the snake off at the head right say okay like that’s our now that’s our snake like we’re gonna we’re gonna feed our steel mill with our scrap try and control the cost a little bit but also control the feed stock to where it’s not gonna go somewhere else and if that’s not a clear indication of where this thing is going i don’t know what is and to piggyback on that what pete thomas and scott were talking about last weekend on one of our other podcast cat’s corner yeah they were talking about i forget the name of them one just one of the biggest minds in the world but another one of the biggest minds like billions of dollars of moving money that just shows how confident they are in platinum palladium rhodium that’s what we that’s what we were talking about like they would not have bought that mine if they didn’t know the need for that material coming into the next 20 30 years you know the only reason that platinum platinum rhodium or where they’re at today is because auto production is

down yep and if you think auto production is down and it’s going to stay down like this level forever you’re crazy i mean once it turns i know we say it like almost every week but once that turns on there’s not enough metal there’s not enough copper do you think that there’s a reason why the comex warehouse is at multi multi-year lows as far as material in there because there’s not enough metal to to grid everything so they’re burning through all that back stock 100 100 and if and here’s the thing if you listen to matt watson who’s a smart smart guy he’ll tell you what’s going on in the mining sector is the reason mines are buying other mines is because it’s cheaper and easier and more instantly gratifying than trying to build a mind to start a new one start a new one because everybody has that knot in my backyard mentality so they need they want to be green they want to electrify everything but they don’t want you to dig for copper in their mountains right yeah so where is it going to come from and i think that’s

the same thing that’s going to happen across the board with all these metals is if is the next wave the next wave of infrastructure the next wave of electrification the next wave of you name it the material has to come from somewhere which is why the recycling and what we’re doing every day is so crucial but it’s also because everybody wants wants it to be greener and wants to be carbon free but they don’t want to pay the price of having a windmill in their backyard a solar panel a solar farm in their backyard or a mine in their backyard except for that’s all those all three of those things combined is what it’s going to take to truly get to carbon neutral yeah and that’s where us recyclers are going to come in we’re going to help get all the above the earth material back into the flow you know and obviously there’s going to still need to be some mind out too but the more we can keep out of like getting lost in a landfill getting lost and just wherever as long as we can keep it flowing and going and

keep that open communication with our customer it’s just going to help everyone 100 well i’m excited to see what 2022 brings and what the end of this year brings all right sir thanks everybody have a great week everybody