| Scrap Metal | Scrap Price | Updated Price Date |
|---|---|---|
| Copper National Average | $3.42/lb | Updated 09/23/2023 |
| Steel National Average | $158.00/ton | Updated 09/23/2023 |
| Aluminum National Average | $0.53/lb | Updated 09/23/2023 |
JUMP TO NON-FERROUS JUMP TO FERROUS Can You Believe What’s Going On With These Markets? Well, well, well. That just happened. Copper markets have hit all-time record highs. Let’s just take a breath and relax for a second while you absorb that. Wait for it….(breath)…OK let’s get back to business. Copper prices have soared since […]
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With copper prices rising and worldwide demand increasing, we won’t be surprised to see a quick decrease or a fast increase coming soon.
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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.
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When you are looking to make the most money on your scrap transformer, we almost always suggest taking apart at least the copper transformers, and you should consider taking apart the aluminum ones if you have the right time/experience/tools.
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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.
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Over the last week, we have watched copper, which has been relatively calm (other than some strikes in different mines that caused large jumps in the market.
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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.
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Copper from 1980 through 2005…Copper has become one of (if not) the hottest commodity going into 2021, with the markets drastically going up during the last 6 months of 2020 and into 2021. For many years during the 1980s, 1990s, and early 2000s, copper was one of the most underappreciated metals.
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Everyone’s heard of fool’s gold as a kid, where you found a rock that was spray painted and you thought you hit the jackpot, but turns out…it was only a rock. Fool’s Copper typically comes in the form of electrical different pieces of copper. Bare Bright, any scrappers dream, can be mistaken for copper-clad pieces […]
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JUMP TO NON-FERROUS JUMP TO FERROUS We’ve been cookin’ something up… ???? Well, we have a bit of a secret, but we won’t share it quite yet. Here’s a hint: if you like scrap, like to hear never-before-told stories, and learn how to make more money, then you should pay attention these next few […]
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JUMP TO NON-FERROUS JUMP TO FERROUS Hope you get lucky today… Scrappy St. Patrick’s Day! They say that on St. Patrick’s Day, everyone is Irish. So we continue to search for the pot of gold, otherwise known as Copper, but if you have a story about finding an actual pot of gold, we would love […]
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With more money being thrown around than ever before in the world right now, it’s crazy to see what’s going on with pricing and commodities and vaccinations and everything else. With so much going on we have had our head on a constant swivel listening for more information and pushing for more market news to be able to share with you.
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