Copper supplies ran heavy, and copper prices slumped by as much as 50 percent in the latter half of the 1990s, especially during 1998 and 1999.
Zambia became poverty stricken when Kenneth Kaunda's government nationalised the copper mines soon after independence. The mines soon became inefficient and badly run. This was exaggerated by a world wide slump in copper prices from which Zambia has never recovered.
Scrap copper prices fluctuate on a daily basis and are based on the Comex and spot metal prices market. Copper prices have recently come down from all time highs to under $4 per pound depending on the grade of scrap copper (i.e. bare brite copper scrap, #1 copper, #2 Copper, Buss Bar Copper scrap, etc.).
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A shear breaks off or crumbles. A slump stays together however it will slump down.
Slump is to slouch or collapse. For example, you could slump into a chair.
Clean copper scrap is worth at least $3.00 per pound. It may be possible to get prices near $3.50 per pound in some areas. For more information, check out the How To in the related links. Copper scrap metal ranges from heavy buss bar and heavy clean cable (stripped large copper cable called bare brite) to computer wire and thin gauge copper wire with insulation. There is also copper piping and copper buss bar scrap copper. All command different prices at the local scrap yard. Prices are subject to change based upon supply and demand, Comex and LME prices. Check prices often to obtain the current and most competitive scrap copper prices.
scrap copper prices in michigan are as follows as of April 3 2012, prices below are in USD per pound No. 1 Copper$3.25 No. 2 Copper$3.10 No. 3 Copper$2.95 Ins #1 Copper$2.05
London Metal Exchange Copper ore prices
Don't slump, you'll injure your spine.There was a big slump in sales.
Type of slump test are,True slumpShear slumpCollapse slump
As of June 2011 here are some general scrap copper prices: #1 Copper $3.15/lb #2 Copper $3.00/lb #1 Insulated Copper $1.90/lb #2 Insulated Copper $0.90/lb copper prices do fluctuate on a daily basis with the COMEX, LME and economic supply/demand so check prices often to ensure you are getting properly paid at the scrap yard.
The price of scrap copper is 7,4 USD/kg (16.02.2016).