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The copper wire is likely to be stolen and could get the scrap dealer into trouble with the police.
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Current scrap metal price is below on Feb 26. 2010 ( fas main port of US , min 40000 lb ) bare bright wire : $ 3.19 lb #1 copper scrap : $ 3.06 lb #2 copper scrap : $ 2.97 lb
Scrap metal prices are very dynamic and are constantly changing daily. Copper scrap is also priced based on grade of the scrap copper meaning light gauge copper wire with insulation is a lower scrap price then stripped bare large copper cable (bare brite) or buss bar. In NJ as of May 2011 the price for #1bare brite copper wire is around $3.50 per lb and #1 Copper Tubing is around $3.25/lb. PLease keep in mind copper price do fluctuate and you should check prices daily to ensure you obtain best recycling prices possible
To refine copper wire scrap, you need professional tools and equipment such as copper stripper which is used for removing insulation from copper wire.
Current prices of scrap metal prices for copper vary depending on grade (bare brite, #1, #2 etc.). No.1 heavy scrap copper is around $3.25 per lb whereas No.1 Bare Brite copper wire is around $3.33 per lb. (as of May 31, 2008) Updates Mid June 2011 - current copper prices are based upon Comex, LME and spot market prices which in turn are based on economic conditions. Of all the scrap metals, copper is one of the metal that recently is seeing significant fluctuations. Post of a price here would be obsolete within 24hrs. Best suggestion is to check various online sources then call your local scrap yard and compae what the yard is offering versus comex pricing to make sure you obtain best pricing. As far as copper wire, always strip the insulation off the copper cable or wire to get the highest scrap copper prices.
Copper wire sent for recycling is remelted and rerefined. It becomes a new copper product one of which might be new copper wire.
Copper (and other metals) are recycled by scrap metal companies or industrial processors. The metal recyclers buy scrap from individuals or companies. Industrial users take "drops" or "left overs" from production and sell them back to metal suppliers for reuse. For instance, if a company making tubing has bits and pieces of material that were pulled from the beginning or end of a production line, they'll gather them up, stick them in a bin, and vend it to a metal recycling company. Large companies doing demolition often include language in the contract that allows them to do some salvage during the process of removing a structure. Copper wiring and plumbing will be pulled, steel support structures might be recovered, and other materials can be removed for re-use as it is cost-effective to do. Metals end up at the recyclers' yards, and they separate and process the various things they buy. Their end products will be sold to different companies that smelt these metals for forming and eventual reuse. Interestingly, copper that is recycled is generally not used to make wire for use as an electrical conductor. It's too expensive to get the copper pure enough to use in wire. Instead, it's used heavily in copper tubing manufacture and in other applications. In any case, copper is a sought after metal for recycling.
I know two kind of machines for copper recycling. One is cable granulator which is used for making copper core into small granules by grinding cable and separating PVC. This is a ideal machine for miscellaneous cable. The other is copper wire stripper which is to strip the PVC cover and you get the entire copper core. This is widely used in various copper wire various diameters.
depends on the grade and type of scrap copper. for example do you have insulated cable, stripped copper wire, buss bar, etc. No. 1 heavy scrap copper is around $3.00 per pound (lb)
The current scrap copper prices in WI as of Sept 17 2008 is $2.81 per pound +/- which is for bare brite copper wire. No. 1 heavy scrap copper is around $2.75 per lb +/-
The value of stripped copper wire can vary depending on the current market price for copper. As of September 2021, clean and stripped bright copper wire can generally be sold for around $3.00 to $3.50 per pound. It's recommended to check with local scrap yards or recycling centers for the most accurate pricing in your area.