One of the most popular scrap metals we recycle at Bee Green is copper, and for good reason! Scrap copper recycling can prove very valuable and can be found in a variety of different places.
As is the case with most of the metals we recycle, the most frequent questions we hear relative to scrap copper recycling revolve around prices! The way we and other recycling center determine payouts and prices for various ferrous and non ferrous metals is a complex and very specific process, which ebbs and flows daily, monthly and yearly.
Let’s take a look at how a few of these factors influence the going rate for scrap copper recycling.
Scrap Copper Recycling: What Factors Influence the Prices?
We love it when a customer comes in with a big load of scrap and learns that he’ll be getting paid more for his scrap copper than he expected… it’s one of our favorite things! However, sometimes the inverse is also true; market factors dictate that we have to pay less for his scrap copper than he expected, and that’s always disappointing. When the price for scrap copper drops, and we pay less for it, the first question we’re asked is: Why?
First, scrap copper (and just regular copper) is a commodity. Like any metal in the commodities market, the supply and demand for copper fluctuates greatly over time for a variety of reason. During market and real estate booms, demand for raw materials (and therefore copper) increases greatly, and natural production of copper can’t keep up. That’s when the need, and therefore the price, of scrap copper increases! Pretty common sense, right?
Maybe not-so common sense is the next factor. External market forces can greatly change the supply and demand for copper. Politics, trade, treaties, tariffs, and you-name-it can all influence whether the price we are able to pay you for your copper is higher or lower. For instance, when a country that is a copper exporter artificially restricts their supply, the price for scrap copper skyrockets in turn! Additionally, when a country that has a high import tax relaxes their tariffs, that means more copper is coming in, which can lower the price paid for scrap copper.
Energy is everything! When the cost of moving metal is high (when gas prices are high), the price paid for scrap metal is higher. Think about it: when fuel prices skyrocket, all of the sudden it’s way more expensive to mine the copper, transport the copper to a refinery, carry the copper to the boat, sail the copper to the states, etc., etc. When this happens, your copper is much more valuable!
Contact Bee Green For Current Scrap Copper Prices
We hope you found this blog informative! However, your best bet for finding out what we’re paying for copper currently is to just get in touch. We’ll happily get you the up-to-the-minute current pricing for your scrap metal, so don’t hesitate to reach out! You can reach us at (804) 912-2498, contact us online, or send us a message on Facebook. We look forward to hearing from you!