Copper has occupied a prominent space in the global market as it has become one of the most important industrial metals. Like most metals, it is scarce and obtaining it is an arduous and dangerous task. Thus, because of its high demand, even recyclable or recycled copper prices have increased.
Copper is an important material or component used in automobile, electronics and construction industries. As more and more automobiles are manufactured and more and more rural areas are developed, the demand for it also increases. But because it takes a lot of effort and money to acquire fine copper, automobile and electronic companies opt recycle this metal commodity to save money.
PRICES
Copper prices are monitored by the London Metal Exchange. From copper mines in Latin America, this nonferrous metal weighs in at more than ,000 per ton. Two years ago, the price of copper was around USD per pound. Recycled copper prices run about half of their refined counterpart. Because of its high value, sellers or investors should find opportunities in cashing in on this recyclable metal.
Buyers and sellers of recycled copper can browse through the web to compare scrap prices. The United States, China, European Union, Korea, Brazil and also countries that have been known to operate copper mining have websites that provide updated prices for scrap copper. Many of U.S. websites also offer free daily market rates and updates from Detroit, Michigan and the northeastern part of the United States; which are the two major suppliers of industrial and automotive metals, such as copper. Currently, the U.S. offers the highest scrap copper price at about .25 per pound.
As with most metal commodities, the prices of copper fluctuate or change daily. But to find the accurate price of copper, there are also local websites that are dedicated to give you the current prices of scrap copper and other relevant information. If you are selling your scrap copper, make sure to know what kind of scrap copper you have. Search or call your local recycling plant or junk shops and ask for their prices. Then, compare their prices with the prices at the London Metal Exchange to determine if you are getting a fair or good price for your scrap copper.
Aside from the London Metal Exchange, other reliable sources for accurate copper pricing are websites dedicated for scrap metal auctions. In such websites, copper scrap brokers and government agencies working with construction or demolition companies hold auctions either to buy copper scrap for future projects or sell excess.
Where to Get Scrap Copper Prices
Are you looking for copper prices? look no further, scrap copper prices are easily found. Visit http://www.scrapcopperprices.net today for more information!
PRICES
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