On-warrant copper inventories in LME-registered warehouses rose to 21,050 tonnes from 14,150 tonnes, the lowest in decades, on Friday.Ĭopper inventories in Shanghai Futures Exchange warehouses at 41,668 tonnes are the lowest since 2009.įears of supply disruption also supported the market, as a Peruvian community promised to block a key mining road used by MMG’s Las Bambas copper mine in protest after failed negotiations with the Andean nation’s government. “It is not clear if low LME stockpiles point to a genuine shortage or if metal is available in private storage, but the copper’s longer term outlook is positive due to rising demand as the world moves from fossil fuels to copper-intensive electrification. “We will continue to closely monitor the situation, and have further options available to ensure continued market orderliness if these are required.”Ĭopper’s short-term direction will depend on whether high premiums bring more metal into LME warehouses, alleviating the supply squeeze, said independent analyst Robin Bhar. “The LME notes recent price activity in the copper market,” the exchange said in an email to Bloomberg. Related read: Copper spread widens to most in more than 25 years on supply squeeze Current Scrap Metal Prices Scrap Metal Scrap Price Updated Price Date Copper National Average: 2.68/lb: Updated : Steel National Average: 155.00/ton: Updated : Aluminum National Average: 0. The spread has been widening since early October as demand outpaced supply amid dwindling global exchange inventories. Check metal prices for copper, wire, steel, aluminum, brass, cans, catalytic converters, and more. The spread between cash and three-month futures surged to over $1,000 a tonne on the LME on Monday, a premium not seen since at least 1994. Prices of the metal used in power and construction leaped 10% last week and are up and more than 30% this year after gaining 26% in 2020. DCE iron ore was was shocked and keep downward all the day.The main contract closed at 730.5,decreased of 0.54. Spot copper jumped 7.2% to $11,299.50 per tonne.
We look forward to earning your business at Rockaway Recycling.Copper for delivery in December rose on the Comex market in New York, touching $4.8055 per pound ($10,572 per tonne), a record high.ĬASH copper on the London Metal Exchange also soared to a new record high overnight. You can sign up for our email alerts in the upper left hand side of your screen where you will receive updated prices and other information about scrap metal.
When you need to find our the Copper Price Per Pound, always come to our website where you will see the prices listed on every page. With so many different types of scrap metal we like to show you the pictures and descriptions on our Scrap Metal Picture Page, so you can learn more about scrap. We are convenieitly located off of Route 80, Route 46, and Route 287, click for our Directions Page. We taked all types of scrap metal including: scrap copper, scrap brass, scrap aluminum, aluminum siding, carbide, old steel, iron, computer towers, laptops, and more.
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If you have questions about our copper prices, feel free to contact us today below with the form. Copper & Brass 1 Bare Bright Wire 3.15/lb 1 Copper Tubing / Flashing 2.95/lb 2 Copper Tubing / Bus Bar 2.70/lb 3 Roofing Copper 2.55/lb Brass (.
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Our team can help you learn more places to find copper, how to clean it correctly, and what to do once you get it ready to sell. We know that it is not always easy to find out what #2 copper pipe or stripped copper wire prices are, so let us help you find them out easier. With the copper prices always changing, using our website for todays scrap copper prices is a great option. Our copper prices and other scrap prices are updated every day on our website. Whether you are scrapping old copper pipes, bare bright scrap copper, scrap copper wire, or copper transformers, we will be able to tell you the scrap copper prices that we are paying for each of those metals. Use Our Scrap Metal Price Calculator Here. We updated our scrap metal prices daily, and you will be able to look for the timestamp on the pricing to make sure that the prices are up-to-date. Below is a guide to scrap copper prices being paid in Canada, these prices are to be used as a guide only.
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