Metal scrap prices fluctuate based on various economic and market factors. Understanding these factors can help individuals involved in the scrap metal industry make informed decisions.
| Metal | Price per Kilogram (AUD) |
|---|---|
| Aluminium | $3.43 |
| Aluminium Alloy | $3.88 |
| Copper | $13.66 |
| Brass | $10.38 |
| Lead | $3.08 |
| Nickel | $23.69 |
| Tin | $45.37 |
| Zinc | $4.02 |
| Aluminium 1100 | $2.37 |
| Aluminium 3003 | $2.37 |
| Aluminium 356 Wheels (clean) | $2.37 |
| Aluminium 356 Wheels (dirty) | $1.68 |
| Aluminium 5052 Scrap | $3.19 |
| Aluminium 6061 Extrusions | $2.09 |
| Aluminium 6063 Extrusions | $2.78 |
| Aluminium 6063 Extrusions/Fe | $2.03 |
| Aluminium/Cu Radiators | $5.56 |
| Aluminium/Cu/Fe Radiators | $5.15 |
| Aluminium Radiators | $1.34 |
| Aluminium/Fe Radiators | $1.00 |
| Transformers | $0.58 |
| Breakage 50% Recovery | $0.76 |
| Chrome Wheels | $2.23 |
| E.C. Wire | $3.67 |
| Litho Sheets | $2.37 |
| Mixed Turnings | $1.37 |
| MLC Clips | $2.33 |
| Aluminium Old Cast | $2.27 |
| Aluminium Old Sheet | $2.23 |
| Painted Siding | $2.20 |
Supply and Demand: The most significant factor influencing metal scrap prices is the balance between supply and demand. Increased demand from industries like steelmaking and manufacturing can drive prices up, while excess supply can lead to lower prices.
Global Economic Conditions: The overall state of the global economy plays a crucial role. Economic downturns can reduce industrial activity, leading to decreased demand for scrap metal and lower prices. Conversely, economic growth can increase demand, driving prices higher.
Commodity Prices: The prices of other commodities, particularly metals like iron ore and copper, can impact scrap metal prices. If the prices of these commodities rise, it can increase the value of scrap metal as well.
Technological Advancements: New technologies and recycling processes can influence scrap metal prices. Improved recycling techniques can increase the efficiency of scrap metal recovery, potentially affecting supply and demand dynamics.
Government Policies: Government regulations and policies, such as tariffs, export restrictions, and environmental regulations, can impact the scrap metal market. Changes in these policies can affect the flow of scrap metal, influencing prices.
By staying informed about these factors, individuals involved in the scrap metal industry can better anticipate price fluctuations and make strategic decisions to maximize their profits.