Posts Tagged ‘metals’

Stock

Friday, January 20th, 2012

Wrought Products As a stockist of MolybdenumTantalum and other refractory materials we are also able to offer a very reactive and competitive wrought product service.

We stock a wide range of materials in plate, sheet, bar, rod & wire form and can supply a range of standard sizes with a very quick turnaround & Delivery.

If you are interested in buying any of our stock then why not contact us?

Information

Wednesday, January 18th, 2012

If you would like any more information from SMF then please see our site for details.

Or feel free to take down the details below and contact us.

For all wrought Material and Fabrication queries and requirements please do not hesitate to contact us.

Tel: 01268 820409

Fax: 01268 280665

Email: sales@special-metals.co.uk

Morgan Stanley dropping prices in 2012

Monday, January 16th, 2012

Apparantly Morgan Stanley has lowered its 2012 prices for the majority of metals and minerals, citing “uninspiring” prospects and the case for a stronger dollar

The revisions follow a belief that the risk of a full-blown global recession increased in the second half of 2011, the firm said in a note. “Our bear-case scenario for 2012 and 2013 in particular reflects the downside risks in base metals and bulk commodities from this major growth risk.”

“In general, we are negative on the metals with sizable surpluses such as aluminum, nickel, lead and zinc,” the report said. However, the firm said it remained positive on copper, which it said was “supported by low inventories, high levels of supply disruption and a restocking cycle in China.”

Despite remaining a “favored base metal,” copper could average $3.70 a pound in 2012, down from $4.01 a pound in 2011 as well as an earlier 2012 forecast of $3.80 a pound. A strong U.S. dollar and weak euro are negative for commodities in general, the house said.

Having to beat metal thieves

Saturday, January 14th, 2012

Along with his usual church-related daily tasks, the vicar of St Augustine’s Church has had to add checking the roof for missing parts to his list.

“You quite often get damage to the stonework as well from people removing the lead and climbing around,” the Reverend Matthew Tomlinson said.

The 19th Century church, in Edgbaston, has been targeted by metal thieves six times in two months, something Mr Tomlinson said was “pretty disheartening” for both him and his parishioners.

The vicar said that despite being based at the church for 11 years, the metal thefts at the end of last year were the first he had encountered.

“We replaced the stolen lead and it was stolen again four or five days later,” he said.

The church was one of dozens in the city targeted last year by thieves attracted by the rising price of non-ferrous metals.

Now, the House of Commons is to hear further calls for new laws to tackle the growing problem of metal theft which counts hospitals, historic buildings and the rail network among its victims.

Metal theft leave people in darkness

Tuesday, January 10th, 2012

Peterborough Lions Rugby Club has been left powerless after the latest in a string of clubhouse break-ins saw thousands of pounds worth of electricity cable stolen.

Today Malcolm Larrington, clubhouse manager, said the latest theft was a “kick in the teeth” to staff and players who had battled to fix the clubhouse.

He said: “We have had five or six metal thefts over the past couple of months, which has cost us thousands of pounds of damage.

“We have been lucky that we have had some replacements donated to us by Batt Cables, but this keeps driving our insurance up. The gates were also stolen, costing us £1,500.

“This is just another kick in the teeth for us.

“Now we have no electricity, which means we have no lighting, no heating and no cooking facilities.

“We have been taking part in midnight vigils in the clubhouse to protect the rest of the cables. It is very cold, but we have hooked up a generator for a couple of small lights and a small camp stove to make ourselves cups of tea to keep warm. I have been on some of them and it is freezing.”

The club now faces a race against time to secure some generators ahead of their top of the table clash with Lutterworth on Saturday, as well as looking to secure planning permission for a permanent clubhouse.

Mr Larrington said: “We want to make sure the game goes ahead, as we don’t want to be beaten by the thieves.

“We are waiting to see if we can get permission for a new brick club house, rather than the one we have at the moment.

“If we can get permission, it would make a huge difference. We could have proper security, with a fence and CCTV.

“As it is we will be looking at concreting the cables into the ground, which just will add more cost to the club.”

Gold forecasts after sell-off

Friday, January 6th, 2012

Two bullion banks lowered their gold price forecasts for 2012 even though they maintained their bullish view, after the metal’s decline last week briefly sent it into a bear market.

HSBC and Barclays both cut their 2012 gold price targets by over $100 an ounce after the metal posted a gain of 10 percent last year to extend its run to an 11th consecutive year. It was, however, its smallest annual gain in three years.

HSBC’s chief commodity analyst James Steel slashed his 2012 forecast to USD 1,850 an ounce from his previous target of USD $2,025, citing a weak euro, liquidation related to equities’ losses and lackluster physical demand from emerging markets.

Steel also kept its 2012 silver view unchanged at USD 34 an ounce but he cut his price forecasts for platinum and palladium.

Final crackdown on special metal thefts

Wednesday, January 4th, 2012

A new scheme to tackle the problem of metal theft has launched, making it easier to trace sellers of scrap metal and harder to pass on illegitimately obtained copper and other metals.

Operation Tornado is starting as a trial project in the north east of England, and will require people who are selling scrap metal to provide proof of their identity and address.

CI Robin Edwards said: “There is a clear correlation between the price of copper on commodity markets and rates of crime. The legislation for dealing with the crime, dating back to 1964, is outdated and needs redrafting.”

According to British Transport Police, more than £13m worth of metal has been stolen from the railways. The force says that the thefts are one of their biggest challenges after terrorism.

‘A human as well as an economic impact’

In a statement, the police said: “There is a human as well as an economic impact. While communities have lost power or communications, people miss appointments, interviews, flights. Churches and householders have had to replace roofs, councils replace manhole covers, and even plaques have been taken from a cemetery.”

New team set up to target metal thieves

Friday, December 9th, 2011

A team of police officers has been set up in Mexborough to target metal and cable thieves.

Chief Inspector Neil Thomas said: “Due to a restructure across the Force, five officers from Barnsley will be coming over to Doncaster with three of them being based in Mexborough.

“We have also set up a dedicated team of officers to work on metal and cable thefts across Doncaster.

“These officers will be based in Mexborough for a period of time, before moving to other areas across the borough.”

The move has been welcomed by community leaders in Mexborough.

Former police officer Frank Knapton MBE said: “I think its great that more officers are to be based in the town.

“It is a major problem that they will be targeting.”

Scrap metal petition started

Wednesday, December 7th, 2011

A district councillor says she is supporting a petition to stop metal thefts following a crimewave which has sparked calls for changes to the law that governs scrap metal dealers.

Tory Jenny Antill, who represents Acton and Great Waldingfield, has signed a petition seeking to stop the rising amount of thefts of metal, including cable and lead from church roofs, by making it illegal for scrap metal dealers for pay for metal in cash.

Mrs Antill said she had been forwarded the petition to sign.

“Bearing in mind the fact that both Acton and Chilton churches have recently suffered the theft of lead from their roofs, and a number of local commuters have been seriously inconvenienced by cable theft from along the railway lines, it seems to me that anything that can be done to help stop this sort of crime must be a good thing,” she said.

“Two people forwarded an email to me suggesting that I might like to sign a petition seeking to amend the Scrap Metal Merchants Act 1964.

“I am normally rather careful about signing petitions. As several councillors found out a few years ago, doing so can restrict your ability to vote in the council chamber.

“However, I don’t think that there is any issue in this case and I have in fact already signed it.”

She said the aim of the petition was to make it illegal for scrap metal dealers to pay for metal in cash.

She added: “It is thought that this would go a long way to stopping the thefts since it would be very much easier to trace the seller.”

Gold on downfall

Saturday, December 3rd, 2011

Gold declined today as the dollar, an alternative asset to the yellow metal, was on the rise thanks to renewed concerns about Europe’s ability to resolve its fiscal problems, which the euro and boosted the grenback’s safe haven appeal.

Standard & Poor’s yesterday warned that 15 members of the 17-national euro zone could see their credit ratings cut if the EU fails to make changes to the EU treaty to tighten budget discipline within the monetary union.

Among these 15 countries were Germany and France, the euro zone’s two largest economies and the main contributors to aid packages for struggling countries. Both currently have top notch AAA ratings.

S&P went further and today placed the rating of Europe’s bailout fund, the European Financial Stability Facility (EFSF), under review for a possible downgrade, which would also depend on the outcome of Friday’s summit.

Germany and France have agreed to make joint proposals to change the EU treaty, which would make it possible to penalise countries that fail to keep their budget deficits within certain limits.

In addition, gold was pressured by reports that demand for the yellow metal from the world’s largest gold consumer India was weak despite the ongoing wedding season.