If you’ve got scrap copper in Richmond, you’ve probably wondered, “What’s it worth today?” At Smith Iron & Metal, Richmond’s oldest scrap yard, we get this question all the time. And the answer? It’s complicated.
Copper prices change constantly, sometimes even daily. One day you might get a great price, the next, not so much. It’s enough to make your head spin! So, let’s break down the key factors influencing scrap copper prices in 2024.
Like any commodity, copper prices are driven by supply and demand.
Copper is a global commodity, so events worldwide can impact prices here in Richmond.
Copper production, from mining to refining, is energy-intensive.
Scrap copper prices are influenced by a complex web of factors. While we can’t predict the market with certainty, understanding these key drivers can help you make informed decisions.
At Smith Iron & Metal, we’re committed to offering fair and competitive prices for your scrap copper, even in a fluctuating market. Have questions? Give us a call at (804) 271-1239 or visit us on Facebook. We’re happy to help!