Increased prices have been fueled by increased demand in the world’s economic recovery. We have seen scrap yards increasing their prices over the last couple of weeks by about $0.30/ lb. on copper #1 and #2 on average. On top of this, we have seen a continued push for higher prices across all aluminum markets, and these price increases could continue throughout the rest of the year.
For the last few weeks, copper seems to go from being the most talked-about subject to the most boring one. The best news is that it is exactly how we like it to be. Copper prices have barely moved over the last few weeks, with very minor up or downswings, which has shown stability in the market for the first time in months.
Every month the iScrap App is going to be featuring a Metal of the Month. We are going to be exploring the various metals or materials based on their history, how to find them, how to recycle them, and how to make the most money on them. To start off the new series, what better metal to start with than COPPER. This month we explore some of the ways you can find copper and also sort it when scrapping.
We have seen an unprecedented run-up of copper prices to a level that has not been seen since the middle of 2011. These markets running up are not as impressive as the run-up back in 2011 for many reasons that we want to go over. Don’t get us wrong – we love seeing copper prices […]
For years we have talked about the “unicorn” in the scrap industry that we saw all the way back in 2010 and 2011, which was copper trading at $4.00/lb. It had seemed to be a number that we may have never see again. And if we did, it would be so far out into the […]
If you are interested in making money from scrap metal recycling, the iScrap App is the best place and tool for you to check out. The iScrap App is a directory of scrap yards throughout the US & Canada and provides users with business information for scrap yards in their area including scrap prices, containers […]
With scrap prices always changing and not knowing exactly where they are headed, it’s important for us at the iScrap App to help you make the most from your scrap. We want you to make the most money from your scrap metal and some of the mistakes listed below can help do just that. We’ve […]
JUMP TO NON-FERROUS JUMP TO FERROUS And another one! With copper rebounding over the last couple of days and the incoming administration starting today we should see some big changes in the overall market in the coming months. How it is going to affect the scrap prices is something that we will continue to look […]
Copper is one of the most sought-after metals in the scrap industry. It comes in various shapes and sizes from pipe, wire, plate, electronics, and more. With our technology ever-growing, we have more electronics around us daily, which means more copper wire for scrap available. Having copper wire for recycling can be very valuable to […]
As our technology continues to advance through the last few decades, it has significantly changed the value of computers in the scrap industry. For example, some components that were made of gold inside computers 20 years ago are now being built with a less-costly option like copper or even aluminum. With major changes like that in […]
When you are scrapping different materials and items, you will often find scrap copper wire that can be removed from the equipment and separated to scrap later on. Whether you scrap your insulated copper by itself or take time to strip it, making sure to set it aside, as it can be valuable for your scrap […]