Scrap aluminum prices?

ippielb

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Anyone have an idea when prices will go back up? Got a price Friday for $0.40 a pound. My regular place doesn’t even both taking aluminum anymore.
 

lilduke

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GraphEngine-1.png

They are playing you I think

https://youtu.be/uQdm_Ckp3h8
 

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ippielb

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Last year at this time I got $0.67 a pound. Scrap is always $0.20 or so below the market price from what I’ve seen.

Tariffs must be affecting the prices they can give?
 

lilduke

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Last year at this time I got $0.67 a pound. Scrap is always $0.20 or so below the market price from what I’ve seen.

Tariffs must be affecting the prices they can give?

Possible I guess. Scrap metal prices are good right now though. I don't have much aluminum but lots of copper.
 

ippielb

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Possible I guess. Scrap metal prices are good right now though. I don't have much aluminum but lots of copper.

We only have about 50 or so lbs of Cooper and 75 lbs of yellow brass. Aluminum on the other hand.... lol close to 2,000lbs. Making my truck squat.
 

lilduke

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We only have about 50 or so lbs of Cooper and 75 lbs of yellow brass. Aluminum on the other hand.... lol close to 2,000lbs. Making my truck squat.

Maybe call around, might be able to get more money in calgary or edmonton if you come this way ever.
 

ippielb

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You’d think with Regina having evraz, where they require the aluminum in the steel/alloy production we’d get a better price. I seen Saskatoon had a price listed of $0.57 at a recycling place there. I’ll have to shop around. I wonder what sarcan would give me. $0.05 for a pop can, 15 grams... lol!
 

lilduke

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You’d think with Regina having evraz, where they require the aluminum in the steel/alloy production we’d get a better price. I seen Saskatoon had a price listed of $0.57 at a recycling place there. I’ll have to shop around. I wonder what sarcan would give me. $0.05 for a pop can, 15 grams... lol!

You only get that much on pop cans because of the deposit you pay on them. Won't get as much for them at a scrap yard as you will at the bottle depot.
 

Stompin Tom

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scrap dealers buy at wholesale, they have to sell at market prices, how else would they make money?
 

ippielb

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scrap dealers buy at wholesale, they have to sell at market prices, how else would they make money?

Yeah I understand that, but they’re over doubling their money if they are only giving $0.40 a pound. I’ll sit on the aluminum until this whole trade thing is done with trudope, see how much less I can get. Be better off driving down to the states with it maybe lol!
 

Cdnfireman

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I would say scrap in general is down right now. Every yard I’ve seen recently is full.

Gonna get worse too. The Chinese aren’t buying scrap metals in the quantities they have been because they can no longer refine it and dump it into North America at discount prices because of the tariffs. It’ll get better in about a year and a half once the industry in the states gets more scrap refining foundries up and running.
 

adamg

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Value of aluminum might go up, and the cost of it per pound becomes very interesting, if this new battery technology develops into a legit means of powering vehicles.
https://www.rdmag.com/article/2018/...electric-vehicle-range-overcome-slow-charging

Sounds like you put in raw aluminum and out comes electricity and some kind of aluminum-based dust? And when you drive until you are low on aluminum you throw some more pellets or blocks of aluminum in your car's tank.
 
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