Metalico has revealed that its pgm unit volumes increased considerably during the second quarter of 2010.

The company sold 39,042 oz of pgms in the three months to the end of June, representing an improvement of 165 per cent from the 14,690 oz sold in Q2 2009 and a quarter-on-quarter rise of nine per cent.

In addition, average selling prices increased for all metals, both sequentially and year-on-year, apart from lead selling prices, which dipped by three per cent on a quarterly basis.

"We anticipate market conditions will remain choppy for the remainder of the year as domestic consumers grapple with erratic order books and foreign consumers who enter the US only when they see opportunistic buying conditions," said President and Chief Executive Carlos Aguero.

However, Mr Aguero expressed his satisfaction at the "significant improvement" during the quarter, despite being happier with the "excellent" results of the first quarter.

Metalico is a ferrous and non-ferrous scrap metal processor operates in New York, New Jersey, Pennsylvania, Ohio, West Virginia, Texas and Mississippi.

Source:



Metalico Reports Continued Improvement in Second Quarter (05/08/10)

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