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Weekly scrap market report

Copper Prices Stay Strong While Steel Hits Multi-Year Lows | Weekly Scrap Metal Update​

Check Scrap Prices: https://iScrapApp.com/ - Join us for this week’s breakdown of the scrap metal market — where copper continues to shine, steel keeps sliding, and catalytic converters are seeing their best prices since 2022.
Read more: https://iscrapapp.com/blog/weekly-scr...

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Fearnleys Week 39


 

Copper Prices Surge As Freeport-McMoRan Declares Force Majeure At Grasberg Mine In Indonesia​

Sep 25, 2025 #copper #copperprices #cnbctv18

Copper Prices At A 2-Month High
  • Freeport-McMoRan declares force majeure from Grasberg Mine in Indonesia
  • Grasberg accounts for 3.2% of global mined copper
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Sep 25, 2025 Commodity Culture
Doomberg believes that the US will attack Venezuela and ignite a kinetic war in a bid to secure the country's vast oil reserves, overthrow sitting President Nicolás Maduro, and bring American 'democracy' to yet another struggling nation. Doomberg outlines the reasons why he thinks things are about to heat up, along with giving his take on the MoU between Russia and China for natural gas, why the EU's economic collapse is self-inflicted by politicians clinging to the climate religion, gold's incredible rise, and much more.

 

Amazon reaches $2.5 billion settlement with FTC over ‘deceptive’ Prime program​

  • Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that it duped users into paying for Prime memberships, the regulatory agency announced Thursday.
  • Amazon will pay a $1 billion civil penalty to the FTC and will refund $1.5 billion to an estimated 35 million customers, the agency said.
  • The FTC had accused Amazon of using “deceptive” sign-up and cancellation practices in its Prime program.
Amazon will pay $2.5 billion to settle Federal Trade Commission allegations that the company duped users into paying for Prime memberships, the regulatory agency announced Thursday.

The surprise settlement comes as Amazon and the FTC were just three days into the trial in a Seattle federal court. Opening arguments in the case occurred Tuesday, but the settlement allows Amazon to avoid having a jury at the trial return a verdict with potentially larger damages than the settlement with the FTC.

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Stocks close higher Friday after in-line inflation data, but S&P 500 snaps 3-week winning streak​

The Dow Jones Industrial Average climbed on Friday following the release of crucial inflation data.

The 30-stock index advanced 370 points, or 0.7%. The S&P 500 added 0.6%, while the Nasdaq Composite rose 0.4%.

August’s personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, showed that core inflation – a measure excluding food and energy costs – ran at a 2.9% seasonally adjusted annual rate. That was in line with what economists polled by Dow Jones were expecting.

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Farmer Aid Payments Just Weeks Away, Says Ag Secretary Rollins​

Sep 26, 2025
From Agriculture Secretary's take on the growing threat of New World Screwworm to U.S. cattle, to President Trump saying the administration will use tariff revenue to fund farmer aid payments, here are the biggest headlines from the week.
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The resilient stock market may be keeping the economy out of a recession. Why that’s a bad thing​

  • Stock market growth that seems impervious to tariffs, politics and a moribund jobs picture is in turn powering consumer spending and putting a floor under the economy.
  • The University of Michigan consumer survey shows those with larger stock holdings are feeling fine, while those with smaller or no holdings are not.
  • “The economy’s very vulnerable if the stock market does turn south, for whatever reason,” said Mark Zandi, chief economist at Moody’s Analytics.
Stock market growth that seems impervious to tariffs, politics and a moribund jobs picture is in turn powering consumer spending and putting a floor under an economy that many expected to be teetering on the brink of recession by now.

Economic data this week painted a surprisingly bright picture of recent trends.

Consumer spending in August was stronger than expected and so was income. Companies and households continue to order big-ticket items while inflation has been relatively soft. Even housing showed signs of life, with new sales hitting a three-year high in August.

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