The scrap metal prices in Bendigo for various metals are as follows:
Copper:
- Bare bright copper wire: $13.66 per kg
- #1 copper tubing: $12.75 per kg
- #2 copper tubing: $12.02 per kg
Brass:
- Yellow brass: $7.54 per kg
- Red brass: $8.01 per kg
- Brass radiators: $6.11 per kg
Aluminium:
- General aluminium: $3.81 per kg
- Aluminium alloy: $2.71 per kg
- Clean aluminium 356 wheels: $2.63 per kg
- Dirty aluminium 356 wheels: $1.87 per kg
Lead:
- Lead batteries: $0.70 per kg
- Soft lead: $2.18 per kg
- Solid lead: $2.12 per kg
Steel:
- Structural steel: $0.23 per kg
- Shredded auto scrap: $0.25 per kg
Stainless Steel:
- 304 stainless steel solid: $2.05 per kg
- 316 stainless steel solid: $2.67 per kg
These prices are subject to fluctuations based on various market factors and can vary slightly between different scrap metal dealers in Bendigo.The scrap metal prices in Bendigo for various metals are as follows:
Aluminium:
- General aluminium: $3.81 per kg
- Aluminium alloy: $2.71 per kg
- Clean aluminium 356 wheels: $2.63 per kg
- Dirty aluminium 356 wheels: $1.87 per kg
Copper:
- Bare bright copper wire: $13.66 per kg
- #1 copper tubing: $12.75 per kg
- #2 copper tubing: $12.02 per kg
Brass:
- Yellow brass: $7.54 per kg
- Red brass: $8.01 per kg
- Brass radiators: $6.11 per kg
Lead:
- Lead batteries: $0.70 per kg
- Soft lead: $2.18 per kg
- Solid lead: $2.12 per kg
Steel:
- Structural steel: $0.23 per kg
- Shredded auto scrap: $0.25 per kg
Stainless Steel:
- 304 stainless steel solid: $2.05 per kg
- 316 stainless steel solid: $2.67 per kg
These prices are subject to fluctuations based on various market factors and can vary slightly between different scrap metal dealers in Bendigo.
Factors Influencing the Cost of Metal Scrap
Prices for metal scrap vary according to a number of market and economic conditions.
Supply and Demand:
While an excess of supply can result in lower pricing, an increase in demand from sectors like manufacturing and steelmaking can raise costs.
Global Economic Conditions:
When there is a decline in industrial activity, there is a corresponding drop in demand and price for scrap metal. On the other hand, economic expansion may raise demand and raise costs.
Prices for commodities:
The value of scrap metal may also increase if the prices of these goods rise.
Technological developments:
Better recycling methods can boost scrap metal recovery efficiency, which may have an impact on supply and demand dynamics.
Government Policies:
The scrap metal market may be impacted by laws and policies from the government, such as export prohibitions, tariffs, and environmental guidelines.