Copper Prices Up Again!

Metal Market Watch – 01/12/2023

Date

To say the New Year has started with a bang in metals would be an understatement!  Across the board prices of scrap metal have increased steadily and consistently since we rang in 2023!

Copper is up markedly over the last month and in particular is on a 5 day hot streak!  On January 4th, copper was sitting at $3.74 per pound and today, one week later it is right around $4.15!  The news of China pushing forward on the reopening despite difficulties and the strengthening yuan are contributing to this increase.

Aluminum has responded in kind the past few days.  Though not as dramatic, the aluminum LME is right around $1.13 with the Midwest premium increasing at the same time.  This bodes well for aluminum prices which have been very stable throughout the back half of 2022.  

Steel prices have also contributed to the good news for scrappers and scrap dealers alike!  HMS #1 steel is up $30 per ton and busheling rose $60 per ton in January.  Flows have been consistent but not crazy in this category and the warmer than typical winter and higher prices combined with lower gas prices may encourage scrappers to come out, collect and get paid for their metal!

Check in with our prices, always available and always updated at https://recycleyourmetal.com/scrap-metal-prices/.  We offer transparent formula pricing for Industrial and commercial customers as well, with a loyalty program for scrappers to get bonus pricing for their metal.  

Stay tuned to this blog, we will keep you updated on all things metal!

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Acceptable Materials

Appliances including:
  • Stoves
  • Microwaves
  • Washers and Dryers
  • Dishwashers
  • FOR A $10 FEE—Air Conditioners

End of Life Items Including:
  • 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

  • Acetylene Cylinders
  • Asbestos or Asbestos Containing Materials (ACM)- applies to both fibrous and solid materials
  • Any Scrap Containing Refrigerants (CFC or HCFC) (Freezers, Refrigerators)  Air Conditioners are accepted for a $10 fee
  • 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