All metal is worth something. The exact value of your scrap metal can vary though, and scrap prices are volatile. That can mean the difference between $ and $$$.
What affects it? Several things actually, but some of the main ones are:
The market price
The going rate for scrap metal fluctuates in the same way it does for minerals or natural resources. Its values can even be impacted by economic and political affairs.
The price of copper was around $4 CAD/pound in 2008. In January 2009, at the height of the U.S.-led global recession, that price had fallen to less than $2.50 CAD/pound (Source: Infomine, www.infomine.com).
The type of scrap
Not all scrap is worth the same amount. This is largely because the supply and demand of different metals fluctuate at different rates. Non-ferrous metals are generally more valuable for recycling than ferrous ones, especially in smaller quantities. (That’s why we love A-LU-MI-NUM!)
Non-ferrous metals like aluminum and copper are non-magnetic. Ferrous metals (steel) are typically magnetic.
The value of your metal can vary, but Urbanmine will always give you a fair price. Our pricing model is transparent, and there are no surprises. Come down and see us—we’d love to pay you for your metal!