Forbes Magazine dated October 27, 2008 Carlos Aguero aims to make Metalico the cleanest outfit in a very dirty business. in the scrap business it's easier to make money when metal prices are rising. That's when you get a bonus on the metal you bought that morning. Carlos Agüero, the chief executive of Metalico, (amex: ) was not enjoying such an ebullient moment when we visited him at his office in Cranford, N.J. Car production is down this year and demand for raw materials in China has been dropping since before the Olympics. In the space of three months the price of platinum recovered from catalytic converters collapsed from $2,060 to $1,150 per ounce. In one month a common grade of scrap steel slumped from $540 a ton to $365. Notwithstanding a recent spike in oil, the trend in commodity prices these days is down. Metalico,...
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