| Copper has become one of the most important | | | | Latin America mines is sold at over $8,000 per |
| metals especially in the automotive industry. | | | | ton. Thus, companies just resort to recycling |
| Without it, there would be no cars and trains. But | | | | copper to save money. The scrap price is often |
| as with many precious metals, getting this metal | | | | half of the freshly mined copper. This makes it a |
| is labor intensive and requires a great amount of | | | | really good opportunity to cash in on this metal. |
| money. It is for this reason that industries recycle | | | | In Europe and the United States, it is the |
| copper for reuse. And as prices of fine copper | | | | automotive industry that dominates copper scrap. |
| fresh from mines rise, even scrap copper price | | | | The U.S. currently offers the highest copper scrap |
| rise as well. | | | | rates. Based on the U.S. Automotive Recycling |
| Many people don't see the wealth in buying and | | | | Index, the average scrap copper price is $2 per |
| selling these scrap metals. Just take a walk in | | | | pound. It is for this reason that, of the 6.5 million |
| public areas and you will surely notice that there | | | | discarded automobiles every year in the U.S., 95% |
| are so many metal items discarded everywhere. | | | | are recycled. The U.S. automotive industry reuses |
| These items, especially copper wire, have actually | | | | and reprocesses these scrap copper to |
| value. If you accumulate 50 pounds of recycled | | | | manufacture new automobiles. In fact, in 2005, |
| copper, you will get $100 USD instantly if the | | | | this industry reprocessed 803 million pounds of |
| scrap price is $2 USD per pound. You might say, | | | | used copper into new raw materials to produce |
| "That amount is peanuts for a 50-pound metal." | | | | about 12 million new vehicles. |
| Many people don't realize that metals are naturally | | | | The price of scrap copper is regulated and |
| heavy. Thus, it doesn't take people long to | | | | monitored by the London Metal Exchange. One |
| accumulate a 50-pound metal. | | | | can find price of copper scrap on online local or |
| Because of the high demand for copper, | | | | international websites dedicated to update scrap |
| government agencies, construction companies, | | | | copper prices daily. One can also get scrap copper |
| and automotive companies even haggle for | | | | price reports from European Union, the United |
| recycled copper. Aside from its importance to | | | | States, China, Korea, and Brazil websites. Most |
| making cars, copper are also used in construction | | | | U.S. sites on this industry provide free reports and |
| or in urbanizing rural areas. Fresh copper from | | | | subscription on scrap copper prices. |