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U.S. Precious Metal Scrap Exports Soared 74%

From scrapmonster.com

The latest U.S. Census Bureau data points to nearly 74% surge in the country’s exports of precious metal scrap through February 2020. The exports surged higher from $707.78 million in Jan-Feb ’19 to $1.23 billion in the opening two month-period this year. The UK emerges as the top trade partner, receiving $340.09 million worth of precious metal scrap exported by the U.S. This accounted for approximately 28% of the total U.S. exports during the year. Also, UK’s imports from the country skyrocketed by nearly 186% from the prior year. The other leading export destinations were Canada ($299.13 million), Germany ($196.93 ... (full story)

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  • Category: Fundamental Analysis