Copper Scrap prices are inextricably linked to Copper pricing because Copper Base Metal is regarded as a leading indicator of the global economy.
By analyzing the correlation between Copper Base Metal prices and Copper Scrap prices, our RIM researchers using Linear Regression and Granger's Causality models, have predicted Copper Scrap prices in the US and Canada for June 11, 2022.
Copper Scrap price prediction explains the current market trends in the Copper Scrap industry and the external factors that influence Copper Scrap prices. Copper Scrap producers, traders, exporters, importers, and recycling businesses will greatly benefit from knowing the Copper Scrap price predictions to decide better when to buy or sell Copper Scrap at high profits.
Copper Scrap Prices Forecast in the US & Canada for June 11, 2022
| Copper Scrap | Predicted Price |
| Copper #1 (US) | $ 3.85 |
| Copper #2 (US) | $ 3.39 |
| Brass (US) | $ 2.09 |
| Hard Brass (Canada) | $ 3.77 |
| Copper #1 (Canada) | $ 5.03 |
| Copper #2 (Canada) | $ 4.72 |
| Copper #3 (Canada) | $ 4.66 |
| Copper Radiators (Canada) | $ 2.91 |
| Sheet Copper (US) | $ 3.07 |
Graphical Representation of COMEX Copper Base Metal Price (US)
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Copper Scrap prices are currently up from low levels and hovering around $3.9 per pound. On the other hand, Copper Scrap supplies have tightened following a significant price hike in Copper Base Metals.
Copper Scrap supply has improved marginally as the top Copper Scrap and metals consumer; China loosened Covid-limits by easing transportation restrictions, increasing shipments from Shanghai, and resumed Copper Scrap imports.
Copper prices are now trading at $4.43 per pound on June 9, 2022, in the CME Futures. As of today, Copper Scrap prices in the US are at,
Copper No.1 Scrap Prices (US): 3.92 USD/Lbs
Copper No.2 Scrap Prices (US): 3.42 USD/Lbs
Sheet Copper Scrap Prices (US): 3.11 USD/Lbs
Brass Scrap Prices (US): 2.21 USD/Lbs
Today’s Copper Scrap Prices in Canada
No.1 Copper Scrap Prices (Canada): 4.78 CAD/Lbs
No.2 Copper Scrap Prices (Canada): 4.50 CAD/Lbs
No.3 Copper Scrap Prices (Canada): 4.42 CAD/Lbs
Hard Brass Scrap Prices (Canada): 3.77 CAD/Lbs
Copper Radiators Scrap Prices (Canada): 2.75 CAD/Lbs
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Latest Copper Scrap Offers at RIM
Copper Scrap Sell Offer
"Copper Millberry Wire Scrap" Available in the United States
Copper Scrap Buy Offer
Wanted: "Copper Millberry Wire Scrap" of 50 MT