A report published by Wood Mackenzie this week states that since consumer and investor pressures asking for recycled content are starting to change the scrap metal market, demand for this material is expected to grow over the next two decades, with an additional 200 Mt per annum of steel scrap and 75 Mt per annum of aluminum used by 2040 compared to current demand.

United States Scrap Metal Prices

ItemUS East CoastUS MidwestUS West CoastNorth America
Alternator0.30 0.29 0.30 0.30
#1 Copper Bare Bright2.87 2.84 2.94 2.87
#1 Copper Wire and Tubing2.77 2.74 2.84 2.77
#1 Insulated Copper Wire 85% Recovery1.51 1.50 1.52 1.51
#2 Copper Wire and Tubing2.67 2.64 2.74 2.67
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China Scrap Metal Prices

ItemPriceChangeUnitDate
#1 Copper Bare Bright49900.00 0.00CNY/MTOct 02, 2020
#1 Copper Wire and Tubing46900.00 0.00CNY/MTOct 02, 2020
#1 Insulated Copper Wire 85% Recovery25200.00 0.00CNY/MTOct 02, 2020
#2 Copper Wire and Tubing45900.00 0.00CNY/MTOct 02, 2020
#2 Insulated Copper Wire 50% Recovery23350.00 0.00CNY/MTOct 02, 2020
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India Scrap Metal Prices

ItemPriceChangeUnitDate
Copper armeture485000.00 -36000.00Rupee/TonOct 02, 2020
Copper cable scrap495000.00 -36000.00Rupee/TonOct 02, 2020
Copper heavy scrap485000.00 -36000.00Rupee/TonOct 02, 2020
Copper sheet cutting478000.00 -36000.00Rupee/TonOct 02, 2020
Copper utensil scrap 491000.00 -36000.00Rupee/TonOct 02, 2020
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Europe Scrap Metal Prices

ItemPriceChangeUnitDate
#1 Copper Bare Bright6000.00 0.00$US/TonneOct 02, 2020
#1 Copper Wire and Tubing5200.00 0.00$US/TonneOct 02, 2020
#1 Insulated Copper Wire 85% Recovery1900.00 0.00$US/TonneOct 02, 2020
#2 Copper Wire and Tubing4750.00 0.00$US/TonneOct 02, 2020
Braziery Copper4400.00 0.00$US/TonneOct 02, 2020
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