Scrap Metal Update: Copper Prices Dwindling?

Hey Scrappers! While you’re busy sorting out scrap metal to sell it to a scrap metal recycle station, we bring an update on current copper prices. This will help you get the right value for your copper metal scrap.

 Copper price update-
Past week saw copper prices move up by a penny or two. Expert analysts’ reports that we have studied reveal copper prices in the impending months to decrease. News are around about one of the largest global copper mining company is going to lay off 85k workers. This represents 60% of their workforce. These events fabricate the global copper market’s diminishing statistics. However, that does not mean you should hold on to your scrap metal, as the prices can further reduce. Therefore, it is better to sell your meal scrap now and earn the moolah out of nothing.

 Other metal scraps price update
Steel prices seem to remain consistent. However ensure that you call up and load your scrap metal in bulk in the trucks. This is because many scrap yards are going to declare minimums for purchase. This means that a particular scrap yard will only accept your scrap metal if it weighs a minimum number as per the scrap yard’s requirements. Now this is a good news too as now you can get rid of all the useless metal scrap at once and earn significant cash in return!
Gold on the other hand has fallen below $1100 per ounce.


All these numbers clearly suggest that metal scrap prices will go down or stay at lower levels in the upcoming months.

Therefore, it is better you sell your scrap metal now and get better returns.

Debunking Myth: Marine Brass Scrap Same As Yellow Brass

Many scrappers don’t know the difference between various scrap metals and therefore sell scrap metal at loss. On the same lines, there are many scrappers who mistake qualities of marine brass similar to yellow brass. I’m here to debunk that myth.

Let’s start with understanding the nature of marine brass first.

What’s marine brass?
Marine brass consists of iron or nickel that makes it stronger, often found on ships and boats. What differentiates marine brass is its hardness that makes it a stronger metal than yellow scrap. Therefore, marine brass is used to make propellers for large boats and ships that strike against the grueling force of waters while navigating.

Where can I find marine brass?
You can find it over the ship’s bottom, also often the anchor has strips of marine brass on it.
Wise tip- Remember that brass is an alloy made from copper and zinc when mixed together. When you add nickel or iron to the mixture, it becomes marine brass. However, do know that this process brings the value of copper down slightly.

Are marine brass items good scrap metals?
Marine brass is a great metal scrap item. However, many think of it as entirely made up of bronze. In reality, marine brass is a different type of alloy. Now go to a scrap metals Doha Recycle Company that is able to determine the item’s authenticity using an analyzer on location to analyze the materials inside. In times of uncertainty, you can upload images on the iScrap Metal Forum and ask for expert customer opinions regarding the type of metal scrap.


Bon Voyage Scrappers!