All of this makes it very difficult for us to predict what prices may do in the future-if only we had a crystal ball! However, while we may not be able to see into the future, we can and will offer you the best metal price available at the time of purchase.
#Copper prices today update
The price of a commodity is a moving target, and we update our prices regularly to reflect the value in global markets. Most markets trade in USD and this means that we need to take the NZD/USD exchange rate into account when set our weekly prices. Market conditions-We export all our metals to the mills and foundries of the world to be turned into raw materials and made into something new.Either way, the more your scrap metal weighs, the more you’ll get paid for it. In some instances, we quote based on a particular item as the weight of the metal and the item’s non-metallic content is known (e.g., hot water cylinders). Therefore, we usually quote per kilogram or per tonne. Weight-We buy and sell scrap metal based on weight.For example, copper has 14 different grade specifications. To give you an idea of the complexity of scrap metal grading, the Institute of Scrap Recycling Industries (ISRI) specifies over 200 different grades of metal that can be bought/sold. Each grade has its own value on international markets, and this is considered when pricing your scrap metal. Grade-Each metal commodity is bought and sold as a particular grade of that commodity.For example, copper is more valuable than brass, and brass is more valuable than aluminium. Within the non-ferrous category, some commodities are worth more than others. Kilogram for kilogram, non-ferrous metals fetch much higher prices. Commodity type -All metals can be categorised as either ferrous (e.g., steel) or non-ferrous (e.g., copper, aluminium, batteries, etc.).Below, we outlined those that have the biggest impact on scrap metal pricing: There are many factors to consider when determining the price that you get paid for your metal. Contact our team from Monday to Friday (7am to 5pm), and on Saturdays (7am to 1pm) to get the latest pricing for:įor those of you wanting to dig a little deeper into why scrap metal prices aren’t fixed, we’re here to uncover the mystery. We pride ourselves on paying YOU the best scrap metal price available at the time of purchase. Keep in mind we will need some information about the metal parcel/items that you want recycled and which location you will be visiting so that we’re able to give you the right price and most up-to-date info. To give you the most accurate and up-to-date metal pricing, we update our prices every Monday. All of this is factored in when we give you a price for your scrap metal. To make matters more complex, prices are influenced by global market indices and depending on the date, pricing may vary. Some metal items are considered ‘clean’, while others require cleaning, sorting, and/or processing before they can be sent to smelters (where they are turned into raw materials to make something new). Prices differ broadly between commodities and even across the various grades within the same commodity. When it comes to scrap metal prices, there are different metal commodities (such as copper, brass, and steel to name a few), and various grades within each commodity (e.g., copper domestic, copper #1, and copper #2).
Today, more than 400 copper alloys are in use, including brass which is when zinc is added to the metal.īelow is the historical Copper price per metric ton.Wondering how much your scrap metal is worth? We wish we could give you a simple answer, but not all metal is created equal. Bronze is much harder, and it was used for many tools including weapons. They popularized the use of bronze (mixed in with tin) which ushered in the Bronze Age from 2,500 BC to about 800 BC.
#Copper prices today full
Since it was attractive and easy to shape, it was used extensively for decorative items like rings, earrings, bracelets, and broaches.īy about 5,000 BC, the Mesopotamians found the full potential of this metal by using alloys (mixtures) of copper.
Its value was more for its looks, as it’s the only metal besides gold that had a color that wasn’t white or gray. There’s no real need for a complicated process to extract it.Įarly man didn’t really have much use for the metal as a tool, because pure copper is quite soft.
This is not surprising because virtually pure copper can occur naturally. Various artifacts and tools made from copper have been found dating back to 9,000 BC. When humanity first began using metals, they probably started with copper.
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