With strong global demand, driven by China and other Pacific Rim countries leading the way, the market for recyclable goods has never been higher. China has been on a building boom...electrifying the country and preparing the country for the showplace of the 2008 Olympics.
Although prices for scrap steel have moderated since December, prices for many metals are at, or near, all-time highs. In the last 18 months on the London Futures Exchange; aluminum futures are up 40%, zinc up 69%, lead up 74%, and copper is up 82%.
For financial advisors, this may present opportunities to engage business owners in the scrap and recycling industries. The national association is the The Institute for Scrap Recycling Industries. Their monthly publication, Scrap, is a good resource. An even publication is, Recycling Today...(see link), which provides a comprehensive industry view.
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