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Copper Prices Surge Among Market Dynamics

Date

Dive into the latest surge in copper prices as we explore the significant leap past the $4 mark. This video analysis highlights copper’s journey towards its all-time peak of $4.94, set on February 28, 2022, and contrasts it with the 5-year low of $2.17 on March 23, 2020.

Understand the role of the strong dollar and its impact on copper prices, especially with the current 7.20 Yuan exchange rate. We’ll also discuss the potential effects of Federal Reserve rate decisions and the current halt in Chinese smelting on copper’s supply and demand dynamics.

Don’t miss the insights on what could drive copper prices in the upcoming week, particularly with the anticipated press conference by Jerome Powell. Stay tuned for a comprehensive breakdown of the factors at play in the copper market.

Picture of Dan Sahd

Dan Sahd

Dan Sahd grew up in the scrap metal recycling business, as he started working in the yard at age 8! As the third generation of a scrap metal family he was able to learn the yard from the bottom up and those lessons have provided a solid foundation for the way he manages the yard today.

After earning a Bachelor of Arts from Syracuse University, dual majoring in Television Management and Political Science Dan started a 12 year career working in advertising sales in New York and Washington, DC. Dan returned to the family business when an opportunity presented itself in 2005. Dan has enjoyed leading the organization with his cousin Mike and has been very active in building relationships inside and outside the organization.

Dan is an active member of the ReMA Mid Atlantic Chapter Board and sits on the boards of the Lancaster Chamber and Columbia Economic Development Corporation. To learn a bit more about Dan, here are some podcasts he has been interviewed on:

-https://youtu.be/GSZdxBeaN8E?si=PhR_Tw48cBbVubph

-https://www.iheart.com/podcast/269-just-some-bs-166065095/episode/reinventing-yourself-dan-sahd-on-leaving-172127526/

-https://www.katiesandoe.com/podcast/episode-58-purpose-with-dan-sahd

-https://www.one2oneinc.com/news/episode-3-dan-sahd-sahd-metal-recycling/

-https://youtu.be/hdz2BO1V7BQ?si=sDq0eomYJd2AgIuV

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Acceptable Materials

Appliances including:

  • Stoves
  • Microwaves
  • Washers and Dryers
  • Dishwashers
  • FOR A $20 FEE—Air Conditioners

End of Life Items Including:

  • Hot Water Heaters
  • Machinery (all fluids,pans and cylinders removed)
  • Farm Equipment
  • Farm Machinery
  • Lawnmowers
  • Cast Iron Patio Furniture
  • Cast Iron Outdoor Railing
  • Sheet Metal
  • Steel Wheels
  • Steel

Nonferrous Scrap:

  • Aluminum
  • Aluminum Cans
  • Aluminum Pots and Pans
  • Aluminum Siding/Gutters/Downspouts
  • Aluminum Patio Furniture
  • Aluminum Wheels
  • Aluminum Wire
  • Auto Batteries
  • Brass Fixtures/Lamps Decorative items
  • Cable, Fence and Wire
  • Christmas Lights
  • Copper
  • Copper and Brass Plumbing Pipes
  • Copper and Brass Plumbing Valves and Connectors
  • Copper Tubing
  • Copper Wire
  • Electric Motors
  • Insulated Wire
  • Radiators
  • Screen Doors/Windows (glass removed)
  • Stainless Steel

Prohibited Materials

  • Any Scrap Containing Refrigerants (CFC or HCFC). This includes Freezers and refrigerators. Air Conditioners are accepted for a $20 fee
  • Acetylene Cylinders
  • Asbestos or Asbestos Containing Materials (ACM)- applies to both fibrous and solid materials
  • Automobiles
  • Cathode Ray Tubes (CRT/tube-style computer monitors or televisions)
  • Closed Compressed Gas Cylinders – high pressure cylinders with valve intact
  • Combustible or Flammable Materials – fuels, paints, degreasers, unpunctured aerosol cans
  • Corrosive Materials – highly acidic or caustic materials (battery acid, caustic soda, etc.)
  • Explosive Materials, Munitions, Shell Casings – includes suspect military scrap
  • Free Flowing Liquids (including water)
  • Hazardous Waste – toxic or poisonous materials or wastes
  • Infectious Materials – blood-soaked or biohazard items
  • Liquids or Scrap Containing Free Flowing Liquids – fuels, antifreeze, oils, hydraulic fluid, paints
  • Mercury Containing Materials – mercury-containing thermostats, switches or fluorescent light bulbs
  • Non-Metallic Items – concrete, wood, asphalt, dirt, debris, tires (more than 5 per auto)
  • PCB-Containing Materials
  • Whole tanks uncut
  • Radioactive Scrap – anything exhibiting radiation levels above background
  • Scrap with Small Capacitors that contain 50 ppm of PCBs