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#26143 - 05/30/03 09:40 PM Copper prices, why so low?
CTwireman Offline
Registered: 02/07/02
Posts: 839
Loc: Connecticut, USA
I took 100 pounds of scrap romex and other insulated wire to the junk yard the other day. Man, was I disappointed when the scale guy handed me a $20 bill!! All that effort, for $20. Waste of time!!

I asked the guy what the deal was and he said the last time copper paid anything decent was back in '97.

New romex is just as cheap, probably for the last 4 or 5 years that I can remember. I don't think I've seen a 250' coil of 12/2 sell for more than $20-22 in that time.

Is there a glut of copper on the market or something? new manufacturing technique? Anyone know?


[This message has been edited by CTwireman (edited 05-31-2003).]
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#26144 - 05/31/03 03:16 AM Re: Copper prices, why so low?
james S Offline
Registered: 05/13/03
Posts: 102
Loc: West England
Not long ago i spent two full days hacking,grinding,sawing at an old constant current transformer (used to control/feed air field lighting)until i arrived at the end product, a solid copper transformer that needed two men to lift.

Rubbing my hands together wandering what i should spend my well earned wedge on, i set off for the scrap yard, dropped it on the scales and like your self, felt like hitting the bloke with my brused and cut hands. Ever since, i haven't even considered weighing anythink else in.

As for the reason prices are so low, sorry haven't a clue?

[This message has been edited by james S (edited 05-31-2003).]
#26145 - 05/31/03 04:19 AM Re: Copper prices, why so low?
Sandro Offline
Registered: 12/30/01
Posts: 449
Loc: Stoney Creek, ON, Canada
Around here, they pay more for copper ONLY if ALL the insulation is removed first.
#26146 - 05/31/03 05:59 AM Re: Copper prices, why so low?
njelectricmaster Offline
Registered: 04/29/01
Posts: 110
Loc: Lead, South Dakota
Hello from South Dakota.

I did some demo work at the local University back in August of last year, and was able to take all of the old disco's and panel boards with me. Spent two days tearing them all apart and busting my knuckels in the process.

When i took all of the solid copper buss bars to the salvage yard, I had a heart attack when I only got $73.22. I thought it was just a local thing.

Jon Niemeyer
#26147 - 05/31/03 06:36 AM Re: Copper prices, why so low?
Bill Addiss Offline
Registered: 10/07/00
Posts: 4196
Loc: NY, USA
I thought last year I got over .50/lb for bare copper??

I know that insulated was much less and jacketed stuff and BX was almost worthless because of all the labor involved for them to strip it.

#26148 - 05/31/03 09:46 AM Re: Copper prices, why so low?
txsparky Offline
Registered: 05/25/01
Posts: 578
Loc: Magnolia,.Texas U.S.A.
Clean copper #1 ( Size 4 and larger) brings .55/lb here.
#26149 - 12/13/05 09:54 AM Re: Copper prices, why so low?
PEdoubleNIZZLE Offline
Registered: 06/16/04
Posts: 176
Loc: McKeesport, PA, USA
My, how times have changed. Copper is at an all time high. Two and a half years later, 12/2 Romex is $55 for 250' (Lowes). In June '03 (original post), copper was about $1 per pound. Now it's $2.11 a pound. Makes me wish I would've invested in romex, copper pipe, and saved the scrap copper flashing from a neighbor's roof that he had me haul away. Next time copper is low, I'll buy as much as I can.
#26150 - 12/13/05 11:03 AM Re: Copper prices, why so low?
DSpanoudakis Offline
Registered: 08/31/05
Posts: 88
Loc: Astoria, Queens, N.Y.C.
Clean copper goes for $2.00/lb. for #4 or bigger. $1.50 for #6 and smaller. No insulation. Here in N.Y.C.
#26151 - 12/13/05 11:26 AM Re: Copper prices, why so low?
Dnkldorf Offline
Registered: 12/12/04
Posts: 1091
Loc: nowhere usa
1.60lb for all-brite
1.50lb for #1 copper
and down from there.

Trenton NJ area

#26152 - 12/13/05 04:09 PM Re: Copper prices, why so low?
LK Offline
Registered: 01/21/03
Posts: 1721
Loc: New Jersey
Something is wrong, copper scrap has never been higher, you may be selling to a reseller, they pay less then a scrap dealer.
We check the market price on the net or in the paper before we bring ours in.
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