The global metals recycling market is growing at a rapid pace as governments around the world put in place favorable regulations encouraging recycling. In this context, a leading Indian metals recycling company – which extracts molybdenum, cobalt and zinc from hazardous industrial waste – needed robust pricing and insights into the metals market to position itself for an expanding market.
Platts Metals Daily provided the company with daily metals price movements, weekly global supply and demand outlooks, as well as daily and historical spot and contract prices for a wide range of major industrial metals – with molybdenum, zinc and cobalt as the company’s main focus. The company made the decision to switch from another provider, mainly because of Platts’ brand strength, number of assessments in categories of interest and a higher frequency of reporting.
Thanks to Platts, the company was able to stay on top of market developments, including regulation and quotas, and focus on increasing margins and negotiating profitable deals for its recycled metals. It also helped them manage their pricing risk with confidence, and capitalize on market fluctuations throughout the molybdenum, zinc and cobalt value chains.
If you would like to find out more, please contact: Elisha Low, Marketing Manager, Asia Elisha.Low@spglobal.com
