Closing 2023 with a Surge in Aluminum and Copper Prices: Market Insights from Sahd Metal Recycling.
Discover the latest trends in the metals market as we wrap up 2023 with notable highs in aluminum and copper prices. In our recent analysis, we delve into the reasons behind aluminum’s impressive peak, reaching around $1.09 – a rate unseen since early May. We explore the impact of the mine outage in Guinea and ongoing UK sanctions against Russia, shedding light on the complex dynamics influencing these price hikes.
Despite aluminum inventories hitting a four-month high on the LME, we anticipate potential further gains in 2024. On the copper front, the age-old correlation between the US dollar and the yuan continues to play a pivotal role. Our examination reveals the dollar’s volatility against the yuan, driving copper prices in a noteworthy trend.
Join us as we dissect these market movements and what they could mean for 2024. With growing momentum, Sahd Metal Recycling is geared up for a promising start to the new year – and yes, we’re adjusting our prices accordingly! Dive into our comprehensive analysis and get ready for an exciting year ahead in the world of metal recycling.
Our new pricelist just came out and copper prices are up across the board! We have been most aggressive with bare brite copper (single strand that produces chop), copper #1, THNN Insulated copper wire, #1 copper wire or romex, copper aluminum radiators, brass and EDM wire. We’ve also bumped up prices a bit on #2 copper, irony copper aluminum radiators, aluminum extrusions, 5052 aluminum and aluminum siding. Now is a good time to sell your metal at your nearby scrapyard, Sahd Metal Recycling in Columbia, PA!
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