Nonferrous markets stay upbeat.Marc Natan, president of the Bureau of International Recycling's Non-Ferrous Metal Division, has expressed an overall upbeat outlook for nonferrous non·fer·rous adj. 1. Not composed of or containing iron. 2. Of or relating to metals other than iron. nonferrous Adjective 1. markets. In his opening to the BIR's monthly World Mirror, Natan expresses long-term optimism for many nonferrous metals. After acknowledging that many industry watchers are expecting some decline in many metals, he notes that the strengthening in nonferrous markets in China "heightened anticipation of a slowdown in China." He adds that the scrap industry saw a similar pattern take place last year. "Remember the sudden drop in demand? The fear that consumers wouldn't respect their commitments? The more fanciful fan·ci·ful adj. 1. Created in the fancy; unreal: a fanciful story. 2. Tending to indulge in fancy: a fanciful mind. 3. claims we had to settle or to bear? Then suddenly, as if by magic, all the economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. gave us the green light again." While admitting he does not feel that nonferrous scrap metals will show quite the same bounce this year as occurred last year, the demand remains strong. "You don't need to be a clairvoyant to forecast a price decrease. It will probably be greater than hoped for, but less than predicted," he says. "This period of strength in the 21st century is not comparable to others that have gone before it. The robustness of Asian demand is such that it will take years to satisfy. Most metal prices should remain high, even though volatility may increase in the short term," he continues. "To the list of positive points, I would add the weakness of official stocks and favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. funds that keep on buying even when stock exchange quotations fall." Not all signs are positive, he notes. "There are clearly some negative pointers, too: the world economic slowdown; the possibility that the French will vote against the EU constitution, which would weaken Europe's position in the world; U.S. deficits; and so on. [But] let's not Let's Not is a science fiction short story by Isaac Asimov. It was first published in Boston University Graduate Journal in December 1954. It was written for no payment as a favour to the journal, and later appeared in the collection Buy Jupiter. be too eager to be pessimistic pes·si·mism n. 1. A tendency to stress the negative or unfavorable or to take the gloomiest possible view: "We have seen too much defeatism, too much pessimism, too much of a negative approach" since reasons to worry will surely emerge soon enough." The World Mirror is available to members of BIR BIR British Institute of Radiology BIR Bureau of Internal Revenue BIR Bureau of International Recycling BIR Baculovirus IAP Repeat BIR Biomedical Imaging Resource BIR Bureau of Intelligence and Research (US State Department) . It includes a monthly outlook of nonferrous markets throughout the world and contains observations from scrap metal companies in many key geographic regions. Additional information about the Bureau of International Recycling is available online at www.bir.org. |
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