The Trade Transcription

On this episode of The Trade – A Scrap Life, Brett is joined by Mike Anderson, VP of Materials Trading at Schupan & Sons, to analyze the current state of the aluminum market, focusing on how Section 232 tariffs and record-high Midwest premiums are impacting domestic scrap pricing and international trade flows. The discussion also explores the future of the industry, highlighting the impact of potential interest rate changes and the role of advanced separation technologies in upgrading scrap value.

Produced by Recycled Media.

On this episode of The Trade – A Scrap Life, Brett is joined by Aldo Jordan to discuss the unprecedented volatility in the copper market and how financial speculation is increasingly decoupling prices from physical supply and demand. This episode provides expert insights into shifting Chinese consumption while offering essential advice for scrap business owners on managing insurance, credit lines, and operational risks.

Produced by Recycled Media.

On this episode of The Trade – A Scrap Life, Brett is joined by Chad to analyze the February 2026 scrap metal market, highlighting copper as a potential “trade of the year” and discussing how small businesses can navigate current market volatility. This episode explores the impact of macroeconomic trends, such as GDP growth and energy costs, on ferrous and non-ferrous positioning to help operators maximize their margins.

Produced by Recycled Media.

On this episode of The Trade – A Scrap Life, Brett is joined by Aldo Jordan to dive into the 2026 copper market, exploring why prices have surged toward $6.00 due to heavy financial speculation rather than supply-side fundamentals,,,. They provide critical insights for scrap operators on managing massive cash flow demands, navigating widening spreads, and the importance of rapid inventory turnover during periods of extreme market volatility.

Produced by Recycled Media.

On this episode of The Trade – A Scrap Life, Brett is joined by Chad to kick off January 2026 by analyzing the current state of the scrap metal industry and reflecting on the “muddle along” performance of 2025,. The duo discusses market trends for ferrous and non-ferrous metals, exploring how macro factors like AI, oil price volatility, and steel demand may shape what they hope will become the “year of the commodity”.

Produced by Recycled Media.

On this episode of The Trade – A Scrap Life, Brett is joined by Mike Anderson, VP of Materials Trading at Schupan & Sons, to analyze the aluminum market. The episode covers how recent tariffs have dramatically increased the Midwest Premium, leading to historically wide scrap spreads and an influx of supply. They stress that sorting and quality are crucial for scrap traders to maximize value by providing material that can substitute for expensive prime aluminum. The conversation concludes by discussing market uncertainties and the impact of monitoring geopolitical risks.

Produced by Recycled Media.

On this episode of The Trade – A Scrap Life, the guys analyze why iron prices fluctuate, covering the current slow scrap flow and steel mill inventory tactics, while debating a bullish outlook for 2026 fueled by infrastructure projects and anticipated demand for ferrous and non-ferrous metals like copper and aluminum. They also discuss how winter weather slows scrap flow and why steel mills intentionally manage inventory to boost cash conversion, leading to discussions on capacity utilization and import trends.

Produced by Recycled Media.

On this episode of The Trade – A Scrap Life, Brett and Chad analyze the “odd” and “sideways” ferrous scrap market in September, noting mill cancellation notices and fluctuating prices, while also discussing macroeconomic factors like interest rates. The guys offer strategic advice for small scrap yard owners, emphasizing strong cash flow management, timely investments, and pursuing growth opportunities during challenging markets.

Produced by Recycled Media.

On this episode of A Scrap Life – The Trade, Nick and Brett are joined by Aldo Jordan, who drove from California to discuss the recent volatility in the copper trade. They delve into the dynamics of copper prices, the impact of tariffs, and how small and medium-sized businesses can strategically navigate and grow within the challenging scrap metal industry.

Produced by Recycled Media.

On this episode of A Scrap Life – The Trade, Nick and Brett are joined by Aldo Jordan, who drove from California to discuss the recent volatility in the copper trade. They delve into the dynamics of copper prices, the impact of tariffs, and how small and medium-sized businesses can strategically navigate and grow within the challenging scrap metal industry.

Produced by Recycled Media.