Getting scrappy: China iron ore demand may falter as steel recycling grows
China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.
Decision was driven by a combination of environmental requirements, the age of the plants, competition from natural gas and declining electricity consumption in Tenessee.
"We are already at the point where production will drop by around a million tonnes next year regardless of any actions that can be taken now,” said the company.
Gold, silver and collectibles are pouring into Singapore, Hong Kong and Shanghai, jurisdictions that now offer some of the most exclusive gold and silver vault options in the world