In this episode of A Scrap Life, Brett and Aldo discuss the volatility and complexities of the copper trade, specifically focusing on how financing costs, speculation, and potential tariffs impact the industry. They also explore the critical role of logistics in managing cash flow and explain the arbitrage between the COMEX and LME exchanges. Produced by Recycled Media.

The Trade - Episode #25 with Brett and Aldo | August Copper Edition

A Scrap Life

Welcome to A Scrap Life, a podcast solely focused on the hustlers, grinders, operators, and business owners who live and breathe the scrap metal industry every day. Here is your host, Brett Eckhart. All right, August 14th, 13th, I don't even know what the day is. Today's August 13th. It's Thursday. I do know that.

My kids started school yesterday, which was awesome because then my Wednesday work from home was actually quiet. So I officially, I'm back to working Wednesdays at my house just trying to keep it quiet. But I was talking to Aldo. We're about here to do the copper trade. It's an ever-changing trade. But he just noticed something in me that I thought was pretty fucking awesome and I want to share it with everybody.

His business has now been open, alive, running, making stuff happen for three years. And I just want to say, A, congratulations because I was just going through the stats with him and I said, you know, the odds of a business lasting three years that's not in the tech business, that's not in the basic, just a, you know,

your traditional startup business is 50%. So you beat 50%. If you're a, if you're a startup in the tech world, it's like the odds of you making it three years or more is 10%. And I feel like your business is a combination of some technology, some traditional trading, traditional startup. So you probably are like in the 25% range.

So you've outlasted, I'm going to say probably 75% of people that had, have tried to do what you did. And that is no small feat, sir. So here I am to give you your flowers.

The Trade - Episode #25 with Brett and Aldo | August Copper Edition

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The Trade - Episode #25 with Brett and Aldo | August Copper Edition

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.