| Copper has occupied a prominent space in the | | | | operate copper mining have websites that provide |
| global market as it has become one of the most | | | | updated prices for scrap copper. Many of U.S. |
| important industrial metals. Like most metals, it is | | | | websites also offer free daily market rates and |
| scarce and obtaining it is an arduous and | | | | updates from Detroit, Michigan and the |
| dangerous task. Thus, because of its high | | | | northeastern part of the United States; which are |
| demand, even recyclable or recycled copper | | | | the two major suppliers of industrial and |
| prices have increased. | | | | automotive metals, such as copper. Currently, the |
| Copper is an important material or component | | | | U.S. offers the highest scrap copper price at |
| used in automobile, electronics and construction | | | | about $3.25 per pound. |
| industries. As more and more automobiles are | | | | As with most metal commodities, the prices of |
| manufactured and more and more rural areas are | | | | copper fluctuate or change daily. But to find the |
| developed, the demand for it also increases. But | | | | accurate price of copper, there are also local |
| because it takes a lot of effort and money to | | | | websites that are dedicated to give you the |
| acquire fine copper, automobile and electronic | | | | current prices of scrap copper and other relevant |
| companies opt recycle this metal commodity to | | | | information. If you are selling your scrap copper, |
| save money. | | | | make sure to know what kind of scrap copper |
| Copper prices are monitored by the London Metal | | | | you have. Search or call your local recycling plant |
| Exchange. From copper mines in Latin America, | | | | or junk shops and ask for their prices. Then, |
| this nonferrous metal weighs in at more than | | | | compare their prices with the prices at the |
| $8,000 per ton. Two years ago, the price of | | | | London Metal Exchange to determine if you are |
| copper was around $4 USD per pound. Recycled | | | | getting a fair or good price for your scrap copper. |
| copper prices run about half of their refined | | | | Aside from the London Metal Exchange, other |
| counterpart. Because of its high value, sellers or | | | | reliable sources for accurate copper pricing are |
| investors should find opportunities in cashing in on | | | | websites dedicated for scrap metal auctions. In |
| this recyclable metal. | | | | such websites, copper scrap brokers and |
| Buyers and sellers of recycled copper can browse | | | | government agencies working with construction |
| through the web to compare scrap prices. The | | | | or demolition companies hold auctions either to |
| United States, China, European Union, Korea, Brazil | | | | buy copper scrap for future projects or sell |
| and also countries that have been known to | | | | excess. |