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, Nick, Brett and Aldo discuss critical shifts happening in the copper market for scrap recyclers and dealers. The main focus is a significant transition: the industry is moving away from the traditional Comex pricing index to the London Metal Exchange (LME) for copper. This change is occurring because Comex increasingly does not reflect physical trading, with most of its contracts traded by financial institutions rather than physical traders. In contrast, the LME more accurately represents actual physical copper trade globally.
Produced by Recycled Media.
In this second episode of “The Trade,” Brett dives deep into the copper market with special guest Aldo Jordan. They break down the current wild volatility and record-high copper spreads. Aldo explains how the COMEX index is increasingly influenced by financial markets rather than just supply and demand from consumers. They discuss the importance of liquidity, quality, and relationships for small to medium-sized scrap businesses navigating this challenging market. Aldo also shares advice on how to approach buying and selling in the current climate and touches on China’s changing role in copper consumption.
For help and more insights, you can reach Aldo Jordan at themetalsaggency.com.
Produced by Recycled Media.
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