Scrap Metal Prices in Canberra
The scrap metal market in Canberra presents opportunities for both sellers and buyers. Understanding this market’s intricacies is crucial for making informed decisions and maximizing returns.
Current Scrap Metal Prices in Canberra
Here’s an overview of current scrap metal prices in Canberra (per kilogram):
Metal | Price per Kilo |
---|---|
Bare Bright Copper | A$6.96 – A$7.70 |
Copper 1 (Clean) | A$6.39 – A$7.06 |
Copper 2 (Mixed) | A$5.85 – A$6.47 |
Insulated Wire 1 | A$5.37 – A$5.94 |
Insulated Wire 2 (PVC) | A$2.28 – A$2.52 |
Aluminium Extruded | A$1.34 – A$1.48 |
Aluminium Cast | A$0.98 – A$1.08 |
Aluminium Domestic | A$0.97 – A$1.07 |
Aluminium Cans | A$0.79 – A$0.87 |
Clean Brass | A$4.35 – A$4.81 |
Factors Influencing Scrap Metal Prices
Several factors influence scrap metal prices in Canberra:
– Global Market Trends: Fluctuations in global demand and supply impact scrap metal prices in Canberra.
– Local Demand: Industrial activity and construction projects in Canberra drive local demand for scrap metal, influencing prices.
– Metal Type: Different types of metals, such as copper, aluminum, and steel, have varying prices based on their demand and availability.
Where to Sell Scrap Metal in Canberra
1. Scrap Yards: Canberra has several scrap yards where individuals and businesses can sell their scrap metal.
2. Online Platforms: Utilize online platforms such as Gumtree or Facebook Marketplace to connect with potential buyers for your scrap metal.
3. Metal Recycling Centers: Canberra boasts numerous metal recycling centers where you can sell your scrap metal while contributing to environmental sustainability.
Maximizing Returns on Scrap Metal Sales
Understanding scrap metal prices in Canberra is essential for maximizing returns on sales. By staying informed about market trends, identifying the right selling opportunities, and choosing suitable selling locations, individuals and businesses can optimize their profits in the Canberra scrap metal market.
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