If you’re looking for scrap cooper prices it is suggested that you search the internet. By searching the internet you will be able to find the most current prices and spot prices for all metals. By knowing what the current prices are you will be better informed and ready to sell you scrap copper and receive a fair market value for it.
The daily price of scrap copper fluctuates but has bee around $3 – $4.5 for the past year or so. If you have a lot of scrap copper to sell it may be in your best interest to wait a few months to sell, as long as the price is trend up. If the price is trending down you will want to unload as much as possible before prices dip lower. If you are dealing with smaller quantities you have to keep in mind that what you can get per pound will typically be less than in larger quantities.
Scrap copper prices are influenced by the level of demand and the supply of copper throughout the world. Generally scrap copper prices will be at about half of what refined copper goes for. As the supply diminishes the price will increase to satisfy the supply/demand curve. There are many industries that use copper in abundance. These include the electrical component, housing, and automotive industries. These industries rely so heavily on copper because of copper’s trait of efficiently conducting electricity.
Unlike many other ferrous metals, copper is 100% recyclable. Aluminum is used as the gauge of the effectiveness of recycling a metal and copper is shown to be much higher than aluminum even. That is why it is no surprise that nearly 80% of copper that has ever been mined is still in use. It has been recycled time and time again and yet retains its elemental properties. This is why copper is more valuable than other scrap metals.
Because copper can be recycled time and again without loosing any of its effectiveness it can be realized that copper is just a valuable recycled as it is freshly mined. Copper reserves world wide are limited. A point will be reached when there is no more copper left to mine and at that point the price of scrap copper will rise dramatically. Recycling not only delays this point in time but also helps to negate the filling of landfills that would only add to the waste problem many societies face.