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Scrap metals recycler USA Recycling Industries, Inc. (Reading, PA) and Recycle Markets, LLC (Mount Ida, AR), operator of an on-line used-oil trading platform, have signed a letter of intent to establish a joint venture or other business arrangement to market used-oil products on a worldwide basis. “This pending agreement with Recycle Markets will enable us to have significant access to generators of used motor oil and other recyclable waste streams operating small to medium-sized auto service center locations throughout the world, as well as provide us with a key first-to-market advantage.,” said Vincent Smith, CEO of USA Recycling Industries. Recycle Markets CEO Cathleen Stoker added, “this proposed arrangement will afford our used motor oil on-line trading platform users with a competitive pricing advantage as a result of USA Recycling Industries end-user-consumer relationships.”