Metal News https://www.scrapregister.com/rss/suppliers Global SCRAP REGISTER en-us 2017-12-12T10:12:44+01:00 tranzmedia.com Scrapregister.com https://www.scrapregister.com//images/web/logo.png https://www.scrapregister.com/ Weakness in Gold unlikely to continue https://www.scrapregister.com/>uploads/news/2017/12/9882852431513052937 https://www.scrapregister.com/news/43776/weakness-in-gold-unlikely-to-continue https://www.scrapregister.com/news/43776/weakness-in-gold-unlikely-to-continue The Fed statement coming this Wednesday might not be as positive as the markets expect, even despite a rate hike announcement. Global Tin market records deficit of 5.8 kilo tons during Jan to Sept https://www.scrapregister.com/>uploads/news/2017/12/14461425621512999205 https://www.scrapregister.com/news/43775/global-tin-market-records-deficit-of-5.8-kilo-tons-during-jan-to-sept https://www.scrapregister.com/news/43775/global-tin-market-records-deficit-of-5.8-kilo-tons-during-jan-to-sept The tin market has recorded a deficit of 5.8 kilo tons during January to September of this year and there were no DLA deliveries during the period, according to the latest data released by the World Bureau of Metal Statistics. US Scrap Gold, Gold Futures prices decline on strong Dollar https://www.scrapregister.com/>uploads/news/2017/12/13564059281512998388 https://www.scrapregister.com/news/43774/us-scrap-gold-gold-futures-prices-decline-on-strong-dollar https://www.scrapregister.com/news/43774/us-scrap-gold-gold-futures-prices-decline-on-strong-dollar United States gold scrap prices declined on the Scrap Register Price Index as on Friday, tracking the weakness in gold futures prices at New York Mercantile Exchange as dollar rises on US tax reform progress. Silver may average $17.25 an ounce next year https://www.scrapregister.com/>uploads/news/2017/12/3438394611512994369 https://www.scrapregister.com/news/43773/silver-may-average-17.25-an-ounce-next-year https://www.scrapregister.com/news/43773/silver-may-average-17.25-an-ounce-next-year Silver is low historically with a gold/silver ratio of around 78, meaning it takes 78 ounces of silver to buy an ounce of gold. By contrast, it was 67.5 in early March. India Nickel Scrap prices fall in line with Nickel Futures https://www.scrapregister.com/>uploads/news/2017/12/1603835101512990741 https://www.scrapregister.com/news/43772/india-nickel-scrap-prices-fall-in-line-with-nickel-futures https://www.scrapregister.com/news/43772/india-nickel-scrap-prices-fall-in-line-with-nickel-futures India major nickel scrap prices fell on the Scrap Register Price Index as on Friday, while nickel futures prices at India's Multi Commodity Exchange settled down on strong dollar. Palladium likely to average $1,010 an ounce in 2018 https://www.scrapregister.com/>uploads/news/2017/12/18285015341512986817 https://www.scrapregister.com/news/43771/palladium-likely-to-average-1010-an-ounce-in-2018 https://www.scrapregister.com/news/43771/palladium-likely-to-average-1010-an-ounce-in-2018 Commerzbank forecast that palladium will average $1,010 an ounce in 2018 and platinum will average $975. The palladium average was put at $1,025 in the first two quarters and $1,000 in the final two. What are the key factors to drive Gold in 2018? https://www.scrapregister.com/>uploads/news/2017/12/17623525421512983182 https://www.scrapregister.com/news/43769/what-are-the-key-factors-to-drive-gold-in-2018 https://www.scrapregister.com/news/43769/what-are-the-key-factors-to-drive-gold-in-2018 Gold should rise for a third straight year in 2018, aided by low or negative real interest rates and ongoing political uncertainty in the U.S. and Europe, said Commerzbank in its outlook for the new year. India Brass, Copper Scrap prices gain; Copper Futures up in line with London market https://www.scrapregister.com/>uploads/news/2017/12/16341779921512974211 https://www.scrapregister.com/news/43768/india-brass-copper-scrap-prices-gain-copper-futures-up-in-line-with-london-market https://www.scrapregister.com/news/43768/india-brass-copper-scrap-prices-gain-copper-futures-up-in-line-with-london-market India’s major brass and copper scrap prices gained on the Scrap Register Price Index as on Friday, while copper futures prices at India's Multi Commodity Exchange ended up, tracking the uptrend in London market as bargain hunters took advantage of recent losses, but analysts expect further downward pressure due to weaker demand from China. Launch of Bitcoin Futures likely to boost Gold https://www.scrapregister.com/>uploads/news/2017/12/18572532901512969662 https://www.scrapregister.com/news/43767/launch-of-bitcoin-futures-likely-to-boost-gold https://www.scrapregister.com/news/43767/launch-of-bitcoin-futures-likely-to-boost-gold Cboe Global Markets Inc will launch futures contracts on bitcoin on December 10. The Cboe Bitcoin Futures Contract will use the ticker XBT and will equal one bitcoin. CME Group has announced that it has self-certified the initial listing of its Bitcoin futures contract to launch Monday, December 18, 2017. US Silver Scrap prices fall tracking the weakness in Futures https://www.scrapregister.com/>uploads/news/2017/12/4319225481512738640 https://www.scrapregister.com/news/43766/us-silver-scrap-prices-fall-tracking-the-weakness-in-futures https://www.scrapregister.com/news/43766/us-silver-scrap-prices-fall-tracking-the-weakness-in-futures United States silver scrap prices fell on the Scrap Register Price Index as on Thursday, tracking the weakness in silver futures prices at New York Mercantile Exchange as dollar strengthened on the back of investor optimism over the progress of US tax reform.