okay welcome everybody another metal monday how you doing brett i’m doing better today than i have been last few days so i’m uh no complaints cool cool um trying to think we didn’t have any firm pricing last week if i remember correct for ferris so everything pretty much spit out sideways which we expected that we were kind of prepared for that hoping for some ups well i was anticipating i mean all truth like all cards on the table i was actually anticipating december to be stronger than november i mean i but like up like 20 to 40 i think i i felt it was gonna be an up month and i feel like you know just maybe some of the geopolitical events or whatever kind of it was able to take some gas out of it so the market you know kind of got crushed that day after um thanksgiving and everything just been kind of wobbly lately so i think everybody’s kind of had a good year so it really was nobody trying to you know finish or put put any uh put any more um inventory on the ground unless they

really had to type a deal so i kind of feel like that’s kind of why it just softened out i guess i’m really curious how january is going to come out yeah i read that article it was out on today’s daily on the amm yeah it was just talking about january how people are split you know yeah a split on january there’s a lot a lot of scrap guys i don’t know if it’s hopeful thinking but it makes sense to me they’re saying because we then no one got anything this month yeah a lot of people think that 40 is coming in january um some of the talking points that were in that article were companies in you know steel mills and stuff they want to come in with extra inventory into the new year so i tell you you got january right around the corner with still a lot of shortages still people so the one thing in the article said they anticipated two to three times as much still as normal in 2022. yeah so that tells you like you know i’m not like some economical genius but i would tell you

like simple supply and demand you would imagine the price would go up now there’s been a lot of times this year where i think things are gonna happen and they don’t so i don’t know man like i think i mean sideways better than down but it feels like that’s january february like one of those months you’re gonna see some ups yeah it feels like there’s potential i mean i don’t i don’t know what that what that answer is all the way but it feels like there’s potential for sure um it’s it’s i feel like it’s still pretty early to tell uh what january looks like but i always january seems like people are going to want to come out of the gate strong as long as the the demands are on the new steel side i feel like that the demand will be there for the scrap now what happens to the you know what’s really kind of i think dragging the scrap price down as of late or at least not giving it the momentum it deserves is the export market is still pretty soft you know china’s going through their you know

their issues you’ve got like the turkish lira um is just getting creamed um which then makes u.s steel more expensive because they’re now their currencies worth less money so they’re going to they got to pay more to get last type of deal and they’re a big consumer of u.s crowds especially off the east coast so you really have those kind of um issues kind of pulling against what’s probably a fairly strong domestic market but they just don’t really have to pay any more yep and they’re paying today because where else are you going to go with the material and that’s kind of the main i think that’s the main uh the main issue i guess if you want facebook yeah and if anyone follows us often we talk about that often we need them both to be strong you know we they both have to be at least fairly strong for them to kind of compete against each other so and you know and i can’t blame the steel mills you know i hate it but like if they don’t have to compete with anyone on it why bump your price yeah

you know i get it you know 100 but um copper is still hanging around that 4 30 mark was up early this morning it kind of came came back off 4 28 this morning yeah like um you know i mean i mean still good you know feels like that’s kind of being held back too for multiple reasons you know yeah planning platinum rhodium still getting beat up you know um pete pete thomas our friend of zener he thinks that 8 50 platinum’s coming within a month so we’ll see he’s so positive what about palladium yeah oh i think he said like a 13 to 14 palladium oh really but who knows you know but he thinks it’s just going to be rough first quarter and then 20 then it’s going to take back off in 2022 because he talks about you can catch us on our cat’s corner we should be posting it hopefully today or tomorrow but he talks about all these billions being invested in these mines yeah for these pgms so people wouldn’t probably invest those that much money if they didn’t have some confidence in the market too so he

thinks long term we’re still set up for some major ups i think so too i think that those markets happen to run he’s still i think we’re still very heavily automotive dependent it may be the second half of 2022 before you ever see any real balance but you know and all it takes is a mine closure or some issue some hiccup and all of a sudden you know that squeeze is on yeah it’s like anything it’s a very tradable market platinum palladium um very heavily traded with futures and whatnot so that market gets push push push and all of a sudden that’s why you’ll see a big down a big squeeze up you know it’s you know it’s a lot of speculation but we’ll see time will tell all right well everyone have a great week and we’ll be back next monday one more before christmas yes sir all right thanks