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 […]
Iron is a brittle, hard substance and the most abundant of all metals. Iron is the 4th most common element found in the Earth’s crust, and Earth’s core is thought to be composed of iron. It is also abundant in the sun and stars.
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.
With copper leading the way over the last week, with gains of $0.20 per pound, we have seen all reported prices jumping. More importantly, we continue to see the aluminum market gaining steam and momentum moving forward.
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.
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.
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.
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 […]
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 […]
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.