Scrap metal recycling is an essential industry that supports sustainability, reduces landfill waste, and provides valuable materials for manufacturing. However, not all metals hold the same value, and understanding how different types of scrap metal are priced can help sellers maximise their earnings.
Factors such as market demand, purity, and location play a role in determining prices for metal scrap. Whether you’re recycling copper wiring, aluminium cans, or stainless steel appliances, knowing the value of different metals can ensure you get the best return.
In this article, we explore how scrap metal prices vary by type, the key factors influencing pricing, and tips to maximise your profits.
Factors That Affect Scrap Metal Prices
Several factors contribute to the fluctuating prices of scrap metal. Understanding these can help you time your sales strategically.
1. Metal Type and Purity
- Pure metals, such as copper and aluminium, are more valuable than alloys.
- Contaminated or rusted metals fetch lower prices due to additional processing requirements.
- Scrap metal prices fluctuate based on industrial needs and global market conditions.
- Copper is highly sought after for electrical wiring, while steel is commonly used in construction.
- Clean, well-sorted metals fetch higher prices than rusted or mixed materials.
- Removing plastic, rubber, or non-metal attachments increases value.
- Scrap metal prices vary by region, depending on local demand and export costs.
- Transporting scrap to larger recycling hubs may increase potential profits but also adds costs.
- One of the most valuable scrap metals, used in electrical wiring and plumbing.
- Average Price: $8 – $11 per kg.
- Tip: Bright, uncoated copper wire earns the highest prices.
- An alloy of copper and zinc, found in plumbing and mechanical parts.
- Average Price: $5 – $7 per kg.
- Tip: Brass free from paint or soldering residue is worth more.
- Lightweight metal used in cans, window frames, and car parts.
- Average Price: $1.50 – $2.50 per kg.
- Tip: Clean aluminium scrap without coatings or plastic sells at a higher price.
- Found in kitchen appliances, construction materials, and medical tools.
- Average Price: $1.50 – $3 per kg.
- Tip: High-grade stainless steel (e.g., 316 stainless steel) commands better rates.
- Used in car batteries, roofing, and radiation shielding.
- Average Price: $2 – $3 per kg.
- Tip: Handle with care due to its toxic properties; scrap yards may have special disposal requirements.
- Common in construction, appliances, and vehicles.
- Average Price: $0.30 – $0.60 per kg.
- Tip: Heavy steel and cast iron are more valuable than thin sheet metal.
- Used in coatings, galvanised materials, and alloys.
- Average Price: $1 – $2 per kg.
- Tip: Pure tin or zinc, separated from mixed metals, has higher value.
- Separate metals by type to prevent mixed loads that reduce value.
- Remove non-metal components like plastic, rubber, and insulation.
- Scrap metal prices fluctuate daily, so check online price trackers or contact scrap yards before selling.
- Compare rates between local scrap yards, industrial buyers, and recyclers.
- Some buyers offer higher rates for bulk materials.
- Selling during high-demand periods (e.g., construction booms) can yield higher prices.
- Avoid selling when global metal prices are down due to economic downturns.
