Aluminum Recycling Price Per Pound

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Aluminum is the most recycled metal on the planet, due to its lightweight nature and widespread use in common objects and items. Many cities have recycling programs in place for paper and glass, but did you know you can make money selling scrap aluminum? According to the Aluminum Association, Americans throw away nearly $1 billion worth of aluminum cans every year. At a payout rate of $0.70 to $0.

80 per pound, that is money going straight into the landfill that could be in your pocket! Yes, aluminum prices are definitely something to consider before simply throwing away something aluminum. Included in This Article: Aluminum Scrap Price per Pound Historically Where to Find Aluminum Scrap How Many Aluminum Cans in a Pound? Where to Scrap Aluminum Tips to Get the Most Money for Scrap Aluminum And More… Historical Aluminum Recycling Prices per Pound Scrap aluminum prices vary from a few cents from day to day with major changes taking place over a monthly or yearly period.

If you’re considering selling scrap aluminum, take a look at the daily chart as well as the historical data to determine if it is the best time to sell. InvestmentMine features multiple charts measuring the historical price of aluminum per pound. Users can choose from daily, weekly, six month, one year, five year, and 25 year historical data charts to better grasp the fluctuating price of aluminum.

We’ve summarized some of this information below to give you the big picture overview of aluminum prices. October 2016 Aluminum Recycling Prices From October 3rd to November 1st, the price of aluminum fluctuated from $0.75 to $0.78, dipping as low as $0.73 in late October. Six Month Historical Aluminum Recycling Prices (May through October 2016) The six month period from May 2016 through October 2016 showed a slowly growing trend with periodic declines.

May 2016 aluminum prices were low at $0.69, rising to $0.76 in mid-June. Prices dipped to $0.72 in mid-July only to rise back to $0.76 in August. September 2016 prices were low at $0.77 but climbed back to end October at $0.80 per pound. One Year Historical Aluminum Recycling Prices From November 2015 to October 2015 the price per pound of aluminum was on a steady increase, with periodic decreases of $0.

08 every three to four months. The November 2015 price of aluminum was $0.66, and the October 2016 price of aluminum was $0.80. Five Year Historical Aluminum Recycling Prices The price of aluminum per pound was on a downward trend from 2011 to 2016, falling from $1.10 in 2011 to $0.80 in 2016. 27 Year Historical Aluminum Recycling Prices The average price of aluminum per pound from 1989 to 2016 was $0.

89. Price per pound fluctuated from as low as $0.49 in January of 1994 to as high as $1.39 in January of 2009. What Factors Affect Aluminum Scrap Prices? The historical data above show vastly different prices per pound for aluminum throughout time. Why is that? How do you know when the time is right to sell your scrap aluminum or if it would be better to wait? Aluminum, like copper, steel, and coal is a commodity and its pricing determined by various global factors.

The five main factors affecting commodities prices are demand, supply, government trade policies, the value of the US dollar, and investment fund value. With these factors in constant flux, the per-pound value of aluminum is also subject to change on a daily basis. For the most current prices, you can visit InvestmentMine’s one week chart, which shows the weekly trend of aluminum prices to help you gauge the peak time to sell.

Remember that scrap yards likely won’t pay you the full market value of your aluminum haul; typical scrap yards will offer you 30%-50% of the current price per pound. Be sure to factor that in when you’re determining how much you expect to make with your scrap aluminum. You can also examine World Bank’s price forecasts for aluminum. World Bank also maintains forecasts for a wide variety of commodity markets.

Where to Find Aluminum Scrap By far the most common places where to find aluminum scrap is wherever there are cans, typically soda/pop cans or beer cans. You can also find aluminum in other packaging, such as pet food cans, canned food packaging for products like tuna and Vienna sausages, and aerosol cans. Aluminum is typically fairly easy to identify because it’s much lighter than most other metals, so if you have a food or drink container that looks like metal and feels light for its size and shape, it’s almost certain you’re holding aluminum.

Another source of aluminum is in household appliances. Appliances such as washers and dryers, refrigerators, freezers, ovens, and ranges all contain aluminum. These items will require a little more effort to transport and unload, but can net a larger payment in a single transaction. Some scrap facilities will even pick up larger items for you! It is worth noting however, that minor disassembly is required with these items and freon must be removed from refrigerators and freezers by a professional.

In these larger appliances, aluminum is sometimes mistaken for steel. You can check whether metal is aluminum or steel with a few simple tests: Does a magnet stick to it? Aluminum is not magnetic, so if a magnet sticks to the metal, it’s steel or some other ferrous metal. Does it have any rust? Aluminum does not rust, while steel may rust if exposed to severe conditions for a long period of time.

Is it heavy? Aluminum is three times lighter than steel, so if it feels noticeably light, it’s likely to be aluminum. If the metal that you have does turn out to be stainless steel, you can read our article about stainless steel prices and selling scrap steel. How Many Aluminum Cans in a Pound? If you’re planning on taking your collected aluminum cans to a scrap facility, its a good idea to have a rough estimate of your total haul beforehand.

You can check the daily price of aluminum, estimate the scrap facility will take about a 50% cut, and calculate your payout based on how many pounds you are bringing in. If the current aluminum price is too low, you can choose to hold on to your aluminum can stash until you see the prices start to rise again. A standard 12 ounce soda can weighs about half an ounce. It will take 32 standard soda cans to equal one pound.

Where to Sell Aluminum There are a few different ways to get rid of scrap aluminum, depending on how quickly and how much you would like to be paid. Commercial Scrap Yards Commercial scrap yards will buy scrap metal from individuals, businesses, and contractors, typically at a percentage of current list price of aluminum per pound. You can expect a commercial scrap yard to offer 30%-50% of the current price per pound for aluminum.

Commercial scrap yards will either pay in cash or load a debit card with the payout amount. Usually payout at a commercial scrap yard is immediate, but some will require a waiting period to ensure the items you’re selling aren’t stolen goods. Be prepared to show some form of personal identification at the scrapyard as part of the safeguards against the sale of stolen items. There are several specialized websites and mobile phone applications to help you find a commercial scrap yard near you: Each of these sites provides a helpful directory of salvage yards, scrap dealers, and other people who want to buy your scrap aluminum.

These directories will you link you directly to your local aluminum buyers, but keep in mind that the prices listed on those buyers’ websites may not be up-to-the-minute accurate. To ensure that you’re getting current information, we recommend making some phone calls to compare aluminum prices once you’ve tracked down local scrap yards in your area. Grocery Stores/Deposit Redemption Centers If you live in a state with Container Deposit Laws, you can return empty aluminum cans to most grocery stores or deposit redemption centers for 5 to 15 cents each, depending on the state law.

Payouts at grocery stores and redemption centers occur as soon as your aluminum cans are counted. Each grocery store or redemption center has their own method of payout, but most consist of a cash voucher or electronic funds account that can be applied to grocery bills or donated to charitable causes. The states and territories with Container Deposit Laws are: California Connecticut Hawaii Iowa Maine Massachusetts Michigan New York Oregon Vermont Guam Many of these states will pay for glass or plastic containers too! City/County Government Many county or city governments have programs in place to encourage recycling with a monetary reward.

Often these programs include turning in old appliances for an energy bill rebate or similar programs to offset an existing monthly bill. Utilities companies such as PNM, Xcel Energy, FirstEnergy, DTE Energy, and Pepco all offer $50 for old refrigerators and freezers and some offer additional money for other appliances. Usually the payout is applied to your monthly energy bill rather than cash in hand.

Check with your local city or county government or your utility company to see if they offer recycling rebates and to set up an appointment for pick-up. Local Recycling Center If you aren’t concerned about getting paid for your scrap aluminum, you can always take it to a local recycling center. I Want To Be Recycled provides a directory for users to locate a recycling facility near them and includes information about what can and cannot be recycled.

Tips For Selling Scrap Aluminum Here are a few tips to help you get the most for scrap aluminum: Use a Magnet Running a magnet over your scrap metal stash can help you determine whether you have ferrous or non-ferrous metal. Ferrous metal contains iron and will stick to the magnet. Ferrous metal typically isn’t worth as much as aluminum or other non-ferrous metals, but can still be sold to scrap yards.

If the metal does not stick to the magnet, then it is non-ferrous and it could be aluminum, brass, copper, or certain types of stainless steel. Usually non-ferrous metals are valuable to scrap facilities. Stock Up Make the trip worth your while: since most scrap yards pay by the pound, it can be better to wait to sell until you have a few pounds collected. Some scrap yards will have a minimum amount for processing.

Make Room Crush collected aluminum cans as you acquire them. Crushing your collected aluminum cans will save room on storage and make it easier to transport them to the scrap yard. Clean Up Rinse out and dry your collected cans. Many scrap yards will charge a fee if you bring in dirty or filled metal containers to be sold. If you’re amassing a large batch of scrap aluminum at your property before bringing it to the scrap facility, clean containers will store better and keep critter infestations at bay.

Know the Law Some cities have ordinances against collecting discarded aluminum cans in residential neighborhoods or in city parks. Always check your local laws and ordinances to avoid being hit with a ticket or fine.  Selling Scrap Aluminum: Conclusion Scrap aluminum is plentiful and easily recycled or sold for cash. Again, what’s the price of aluminum per pound? Aluminum is worth roughly $0.70-$0.

80 per pound, and you can expect a scrap yard to pay you roughly 30% to 50% of the market price. Prices fluctuate daily, so check the price trends  and call around to your local scrap dealers or salvage yards to find the best deal. You can bring your scrap aluminum to the local scrap yard, or cash in on can deposits if you’re lucky enough to live in a state that has them! At less than a dollar paid per pound, it may not seem like a lot of money, but after a month of collecting cans, you might be pleasantly surprised at how much extra cash you can make by taking advantage of aluminum recycling prices.

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Scrap Metal Recycling Guide Scrap metal yards throughout the United States accept a variety of different types of scrap metal and as a result of the ever increasing metal recycling prices, you can expect to make a fair amount of money from selling yours. As you would expect, some materials typically fetch more cash than others, however the detailed list on the right illustrates common scrap metal prices per pound.

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Similarly, if you are interested on finding out the prices of scrap metal on a more local level, then please follow the relevant links below.

We are now directly associated with almost ten thousand scrap yards, we also cover all 51 states in the United States and a large number of cities too. If you are not situated in the United States then please check out our other websites for international scrap metal prices:Australia Canada France Germany Italy New Zealand Poland Russia South Africa Spain United Kingdom Before I delve further into the more detailed prices for all of the differing forms of scrap metal, it is important for you all to understand how the metal prices are essentially decided by dealers.

Ultimately, scrap metal is traded in a very similar manner to stock, in that I mean it is driven by a perpetually shrinking and growing demand. This is set on a local level all over the United States, if you have a dealer close to you that is in need of scrap copper or scrap aluminum then you will get more for your money. However, if they have an excess of any particular metal then they will often offer you a small price for your scrap metal per pound.

As time goes on, the price of scrap metal usually increases. We can observe this by considering the steadily increasing demand of these metals and their prices over the years too. Wherever you are situated in America, you will find that scrap metal yards will prefer to trade per pound rather than by any other unit. This price is also based upon the total weight of clean metal of a certain grade too.

I will be providing a more detailed overview of what the different types of metal grades mean and what you can expect to receive for each of them.Grade (i) 1 – Metals made up of predominantly grade 1 material are very clean pieces with no metal alloys within them. These pieces of scrap metal will always be worth the most to scrap yards and they are therefore the most valuable too. In order to be classified as grade 1, the metal should not be corroded or damaged and not be bound to any other material either.

Grade (ii) 2 – Metals considered as grade 2 are fairly similar to grade 1, however instead of being a pure piece of metal, they are found with various other elements (metal alloys) associated with them. Likewise with grade 1 metals, grade 2 pieces should also not be corroded or damaged and not be bound to any other non-metal alloy.Grade (iii) 3 – Depending on the type of metal, there may be additional classifications that exist too.

Examples of this include aluminum and lead. There are a number of sub-classifications that exist here and they are often the cheapest and least valuable forms of scrap metal that exist.Un-graded – Furthermore, there are other types of un-graded pieces of metal that exist. Some examples of these include various forms of scrap metal castings, pipes and sheets that may be of use to some scrap yards.

In certain occasions these types of metal are more valuable and will return a larger sum of money than some pieces of grade 1 metal. Scrap Copper Prices Per Pound Generally the best way to ensure that you get the best scrap copper price per pound is to clean your metal before taking it in to a scrap yard or dealer. If you do this, it essentially saves the dealer a job and therefore they will usually pay marginally more in return.

This is particularly important when you are considering methods to attain favorable scrap copper prices because they are higher than all other materials, as a result you will see far more for your metal. Before you choose to clean your scrap copper, you should first ensure that it is pure and not mixed or simply plated. If it is mixed copper then you risk scratching the metal, if it is pure then there is no risk whatsoever.

There are a variety of other factors that need to be reviewed before you are truly able to determine what scrap copper prices per pound you are going to receive. As always you should try your best to strip away any other metals from the copper. It is common for people to bring in their recently sourced copper to the scrap yard with various other pieces of plastic or metal attached to it, the issue with this is that many dealers will simply reject it.

This is relatively common with wires, scrap copper wire prices are very dependent on this concept, in addition to the thickness of the coil and of course the length too. One of the most valuable types of copper is actually pure, or solid, copper tubing. While this type of metal is quite rare, if you manage to find some for yourself, make sure that you take it to your local scrap metal yard as soon as possible.

As I have mentioned previously, copper can be found absolutely everywhere and you are likely completely unaware of this. In actual fact, it is one of the most popular types of metal used within electronic equipment found in and around your home. Some examples of places that you can find copper wiring is within the insides of an old computer monitor or television. Within these pieces of hardware, there are often many components made partly or even entirely of copper.

Likewise, if you have any old laptops or desktop computers lying about, you should open these up and remove all of the valuable metals. Additionally, many household items are also either made of copper or contain it - take for example a microwave or coffee machine, the wiring within these appliances is also usually copper wire. The best place to find scrap copper wire in the home is actually within fridge freezers or clothes' washing machines.

If you have managed to source some of the metal, you can expect scrap copper prices per pound to be between $2 and $5. Scrap Steel Prices Per Pound Scrap steel prices per pound are also fairly difficult to determine without an experts advice. They do not vary quite as much as copper or aluminum, however steel is rarely seen as being pure and it is often contaminated with other types of metal too.

As a result of this it is extremely hard to find out the true worth of any particular piece. Fortunately, scrap steel is quite easy to find, especially if you are in the building industry. Steel and stainless steel is regularly used in building foundations and within the structures of houses too. Scrap steel is also fairly heavy so you may need some assistance moving large quantities of it around.

Do not expect to get a large sum of cash for your metal if you can carry it to the scrap yard by hand, you will likely need a large skip to be transported from your home carrying the steel if you are to expect a significant sum of money.Scrap stainless steel prices per pound are also fluctuating on a daily basis, they also vary massively from state to state, but the table above can be used to provide some sort of scale for what you may find your metal valuated at.

As with any types of metal, it is always good to get a vague idea of what your materials are worth before taking it to a scrap yard so you get a good price. Scrap stainless steel is often much more valuable to dealers if it is not damaged in any way, however even if it is damaged it will be more valuable than typical steel.In actual fact, stainless steel is one of the most highly sought after types of scrap metal in recent times.

It is expensive to make and so scrap metal yards are keen for people to recycling their pieces so that it can be reused over and over again. This is certainly not the case with all ferrous materials. Scrap Brass Prices Per Pound Scrap brass prices per pound, much alike nickel, tin, silver and gold are very volatile. They also remain fairly low throughout the year and are not really worth seeking out unless you know that you have a substantial quantity of it in its pure form.

The average person is also unable to distinguish brass from other types of scrap metal and so when you take it to your local dealer you may not even know that you have it. It is also a very frequent occurrence for scrap yards to try to pass off aluminum or stainless steel as brass so that they can pay a lot less for these more valuable types of metals. Scrap Aluminum Prices Per Pound Aluminum prices also vary an awful lot wherever you are in America.

In fact, scrap aluminum is the most volatile type of scrap available and so it is exceptionally difficult for anybody to accurately figure out the exact price they will receive for any one component. Scrap aluminum prices per pound are usually between $1 and $5 per pound, however there is a wide range of factors that affect this. All in all, scrap aluminum is usually in high demand and while it does not always get valued at a high price, it is always easy to get rid of.

Some of the main factors that weigh in the pricing of aluminum is the type that you have. There are several different types of aluminum and the various grades of it too, one example of a good source of it is scrap aluminum can prices.Some of the most commonly found types of scrap aluminum include cables, cabling, casings, wheels, radiators, plates, sheets and also some alloy based materials too. With scrap aluminum prices per pound varying so much, I would recommend searching your home for all the different pieces you can find and then separating it into the different grades before trying to price it all up.

Once you have an idea of how much metal you have, you should only then take it to your local scrap yard for proper valuation. Scrap Iron Prices Per Pound Iron is extremely difficult to find in its pure form in recent times, it is often always contaminated in one way or another. As a result of this it is another sought after type of metal. Scrap iron prices per pound are fairly stable throughout the United States of America, although they do occasionally change dramatically based upon nationwide demand.

The stability can largely be attributed to the large amount of natural iron resources found in the northern, more mountainous states of the country. It is consistently mined in the USA and so the prices remain fairly flat. Due to this we can easily determine the price of scrap iron if it is pure, if not then you will unfortunately need to find an expert or take it to a scrap yard for a more thorough valuation.

Scrap cast iron prices per pound are another good source of income for many people, cast iron is difficult to come across in many homes, but it is regularly found in building sites across the states. If you happen to come across a large quantity of scrap cast iron then you are very fortunate, it sells for a good price and is in extremely high demand too. Scrap Lead Prices Per Pound Scrap lead is another metal that is very difficult to find in its pure form, unless we are talking about extremely small quantities that are found in pencils - for example.

Not only that, but lead is also very difficult to handle, it is a toxic metal and so searching for large quantities of it is probably not the best idea. Despite this, if you do happen to have a significantly sized portion of lead, scrap lead prices are usually very good and it is readily sold at scrap yards anywhere in the world. Once again, we do not recommend people to actively go in search for this particular metal, even in your own home, it is better for experts to deal with this type of dangerous material.

Hazel Gordon

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