Copper scrap is one of the most valuable recycled commodities. Copper scrap commands a premium above all other red metals. Identifying copper scrap is relatively easy, as copper is a reddish-colored metal that is malleable, dense, and highly conductive. Copper has numerous applications, including electrical wiring, electronics, piping, telecommunications, machined parts, automotive components, and architectural copper finishes.
Because of copper’s many uses, copper scrap is a highly sought-after commodity by manufacturers. Copper is actively mined today in copper producing nations such as the Democratic Republic of Congo, Indonesia, Russia, Chile, Peru, Bolivia, South Africa, Mexico, and the United States. As copper reserves continue to diminish, manufactures actively look to secondary markets for raw feedstock needed to make new manufactured goods.
Copper Scrap Recycling Facts
- Roughly 8% of the world’s total copper supply is produced by the United States.
- Mining copper ore requires nine to 10 times more energy resources than recycling copper scrap.
- In the history of the world, about 1.1 trillion pounds of copper have been mined. Experts estimate there are another seven trillion pounds of copper still in the earth, waiting to be mined.
- Copper is an excellent conductor of electricity, which is why it is used for wiring and cabling.
- Copper is also extremely durable, making it ideal for oil and water pipes.
How to Prepare Your Copper Scrap for Recycling
There are different grades of copper that command different copper scrap prices. These prices vary based on high difficult it is to smelt the copper scrap to prepare it for reuse. The less difficult and more efficient the process, the higher the price we are able to pay for your scrap. For our current copper scrap prices, click here. And to calculate what your copper scrap might be worth when you bring it to our Merrillville scrap yard, check out our online scrap price calculator.
How to Command the Best Copper Scrap Prices
Copper scrap pricing is based on recovery rates. Copper scrap that is free of non-metallic attachments and is unadulterated by other alloying metallic elements will receive a higher value because it is in furnace-ready form. So, when you bring your copper scrap to us, it is important to have it separated correctly. If we must separate the scrap metal for you, then we can’t pay you top copper scrap prices. To get the most money for your scrap, you need to separate it before bringing it to our Merrillville scrap yard.