Aluminum scrap prices
Non-Ferrous Aluminum $0.15 – $0.55 per lb.
Nonferrous aluminum cans $0.30 to $0.50 per pound.
Non-Ferrous Aluminum Cladding $0.40 – $0.50 per pound.
Fractional non-ferrous aluminum $0.04 – $0.30 per lb.
Non-Ferrous Aluminum Radiator $0.15 – $0.25 per lb.
Aluminum Scrap Prices – Elgin Recycling
https://www.elginrecycling.com › Prices › Aluminum scrap
Global average scrap prices have increased significantly in 2021 due to tight supply and increasing demand from steelmakers. Lower economic activity and strict social distancing measures in 2020, along with extreme weather conditions in early 2021, slowed waste generation and collection.
How many aluminum cans does it take to make $100? At an average price of 5 cents a pound, it would take you about 5,000 cans to make $100. That could be significantly reduced if you live in an area that pays higher prices. At $2 a pound you would only need 1,600 cans (50 pounds).
The aluminum price forecasts from the leading sources are as follows: According to the World Bank the price of aluminum will increase to $2,000 per tonne (t) in 2021, a 17% increase from the average of $1,703/t in 2020 and moderate growth to $2,050/t in 2022.
The average scrap value of a catalytic converter is between $300 and $1,500. This component is one of the most expensive parts of a vehicle due to the precious metals used to make it.
Prices have fallen mainly due to a decline in global demand from manufacturers, particularly in China, pressure on supplies and increased use of substitutes, said Joe Pickard, chief economist and director of commodities the Institute of Scrap Recycling Industries.
Steel price forecast for 2021: Steel prices remain high, supply chain disruptions delay price decline into second half of 2021. Sheet metal prices continue to rise, but the pace of rise has started to slow.
The cost of steel in the United States is currently at an all-time high. In July 2020, the steel price was around $440/ton. That number more than doubled to $900/ton in December of the same year. Four months later, in March 2021, steel cost an unprecedented $1,270/ton!
Aluminum from recycled cans, including the pull tabs, is the same as that smelted from fresh ore. Simply put, the can itself is just as valuable as the pull tab. Also note that the whole can far outweighs the pull tab. One pound of aluminum is equivalent to approximately 1000 pull tabs or 34 empty cans.