Scrap Copper Prices
The best copper recycling prices are quoted on national and international websites. When it comes to non-ferrous metals, this reddish-brown, industrial metal is king, weighing in at over $8,000 per ton from Latin American mines. The London Metal Exchange (LME) monitors and reports on global markets for industrial metals. First quarter 08 reports indicate that this in-demand commodity is expected to reach nearly $4 USD per pound, boosting scrap copper prices around the globe. With supplies falling short by 100,000 pounds globally, the high demand for mined copper is pushing per pound costs toward the roof. Scrap prices are roughly half of their more refined counterpart; and sellers should find good opportunities to cash in on recyclable metal.
The dictionary defines recycling as the act of recovering useful materials to be used again instead of discarding. Another definition is to recondition or adapt something to a new use. Just as salvage companies look beyond a pile of refuse to recover valuable metal, which can be reconditioned for a new use; God the Father sees potential in each soul to become a new creation. He looks beyond the wretchedness of our lives to see spiritually reconditioned beings, born again through the saving grace of Jesus Christ. "For God so loved the world, that He gave His only begotten Son, that whosoever believeth in Him should not perish, but have eternal life. For God sent not His Son into the world to condemn the world; but that the world through Him might be saved." (John 3:16-17)
Sellers of scrap metal must have a keen eye for finding the best copper recycling prices. Online local, national and international websites advertise daily, weekly, monthly and yearly fluctuating prices for metal commodities. Individual and commercial investors, buyers and sellers can browse the worldwide web to compare scrap copper prices from the United States to the Orient. Daily reports from American markets, the European Union (EU), China, Asia, India, Korea and Brazil are updated continually. Many U.S. sites offer free subscriptions and forecast daily spot market rates from across the nation with online updates from Detroit, Michigan, the motor city mogul of the scrap metal market, and the northeastern United States: two big suppliers of recycled automotive and industrial metals. Canada and the U.S. currently lead the best copper recycling prices at nearly $3.25 per pound.
In the United States and Europe, the automotive industry dominates the recyclable metal market; and the U.S. leads the world in automotive metal recovery and reuse rates. The availability of auto parts, coupled with lower industrial reconditioning costs, gives the States a decided advantage over Europe. The U.S Automotive Recycling Index reports scrap copper prices averaging $2 per pound. A retired auto, or junkyard jalopy, can yield a virtual treasure trove of recyclable metal. Professional dismantling companies can recover marketable parts from wires, wheels, transmissions, discarded battery cables, and electronic components. From the 6.5 million automobiles discarded annually, 95% are recycled. Automotive manufacturers recover, reuse or reprocess copper into raw materials to manufacture new vehicles. In 2005 the U.S. automotive industry used 803 million pounds to help produce nearly 12 million new cars.
Another source for the best recycled copper prices is scrap metal auctions. In addition to listing prices for salvaged automotive parts, recycling websites frequently advertise auctions of government and military surplus metals, industrial waste metals, salvaged electronic parts, and light to heavy construction metal derived from building implosions. Each of these sectors can yield tremendous supplies of valuable non-ferrous metals, which can be recovered, recycled, and reprocessed for newer usage. Potential buyers and sellers can either visit local salvage yards or bid online for huge lots that can be resold later for the best copper recycling prices. Commercial enterprises often bid on railroad car loads of metal and resell to industrial corporations, commercial suppliers, and the United States government. The best copper recycling prices can be found through diligently searching websites and comparing recycling index data on a daily basis. Commercial enterprises seeking to become vendors to state and federal agencies can search government websites to learn about bidding and contracting opportunities or view requests for quotes (RFQs).
Metal salvage yards can vary in pricing, but the best copper prices are for die cast parts, averaging $25 per pound. Scraps from electric motors, alternators and generators can net an average $10 per pound. Bright and shiny #1 wire brings the highest price, averaging nearly $2.50 per pound. Recycling companies may pay as much as $2.30 per pound for regular #1 wire, tubing and solids. But, higher prices have caused an avalanche of thefts and vandalism of air conditioning units, conduits, and tubing for new homes under construction and occupied residences. Building contractors are having increasing difficulty keeping job sites free of scavengers looking to make a quick buck at pawn shops and metal shops. Thefts and vandalism have left state and local law enforcement little recourse but to beef up metal recycling regulations. Business or individual metal sellers must meet state-mandated criteria to recover and sell scrap copper. Non-ferrous scrap metal recycling law SB5312 requires sellers to be at least 18 years of age and have a current, valid driver's license, government-issued ID card, or passport. Sellers are also asked to sign an affidavit certifying that the copper presented for sale is not stolen.
A greater awareness of the value of discarded industrial and automotive scrap copper prices may spur individuals and businesses to begin increased recycling efforts, not only to profit from sales, but to help preserve the environment. As the saying goes, "One man's trash is another man's treasure." But one man's appropriately reused trash can benefit the environment by not contributing to toxic waste and the pollution of natural habitats. Recovered, reprocessed, and reconditioned scrap metals can help save millions of dollars in industrial and automotive manufacturing; and help prevent the exhaustion of valuable non-renewable resources. Scrap metal recycling might well be the wave of the future for a new breed of environmentally-conscious industrialized domestic and global enterprises.
Natural Gas CommodityNatural gas commodity prices are determined by trading on the New York Mercantile Exchange. This exchange is the world's largest commodities stock market, selling natural gas, crude, gasoline, heating oil, coal, electricity as well as precious metals such as gold, silver and platinum. The mechanism by which all of this buying and selling takes place is the futures contract, which is an agreement to buy these products at a certain price on a future date. As one of the world's most prolific owners of natural gas, the United States takes the lead in how this resource will be marketed in the years to come. There is plenty of evidence to suggest that the natural gas commodity that is so abundant will probably be the interim fuel for the United States before solar, wind and nuclear take center stage in the next fifty years.
A commodity is anything that is bought or sold that is uniform in quality from one seller to another. In an ideal world, a commodity would be sold on marginal cost. That's the cost it takes any company to produce one more unit of a product. But in the real world, marginal costs are only the beginning. Speculation on commodity abundance or scarcity or how much the commodity costs to ship the product into a country because of tariffs sends the product price either skyrocketing or plummeting.
The futures market, of which the natural gas commodity market is a part, works off of two types of buyers and sellers: speculators and hedgers. The hedger, who might be a manufacturer, or an importer or exporter of a commodity buys or sells to secure a certain price for a future sale. This is an action taken to protect against price risks that are so common in the volatile commodities market. So those buying natural gas six months from now may offer to buy it at a slightly higher rate than it is now being offered to hedge against what might be seen as a rise in prices over the next six months that would end up being much higher. Hedgers want to actually own whatever commodity with which they are dealing. The hedgers do not have the bad publicity that their speculating counter parts have however.
Speculators have the nasty reputation of being the ones seen as running up the price various commodities, such as the natural gas commodity market in order to gain some windfall profit. Speculators are seen as those greedy, anti-American evil men that drive up the prices of everything from coffee to diamonds and oil in order to manipulate and profit from higher prices. Speculators don't want to own anything; these folks are just looking for profits by buying and selling futures contracts. Every futures contract, no matter if it is a natural gas commodity contract or one for wheat will have two parties: one selling and one buying. The person selling the gas will be the one with the short position, while the trader buying the gas will be the one holding the long position. At the actual commodities exchange market, all kinds of contracts are flying around the room, each with specifics about how much and when the commodity will actually be delivered.
When a trader of these commodities contracts begins his or her trading day, a certain amount of money must be in their account. During the day as contracts are bought and sold, that deposit made be depleted, especially if there are a number of losses. The trader is then given what is called a margin call, which means a new deposit must be made in order to keep doing trades for natural gas commodity contracts or any other futures trading. Failure to fulfill the margin call will usually end a trader's ability to continue trading. This is a business that is filled with huge risks and downsides, but there is a great deal of money to be made when all the stars line up and the guesses are correct.
Some of the issues that Congress will be addressing in the years to come will include the role of speculators especially in the energy markets. In 2008, speculators in the oil industry drove up the price of oil to stratospheric heights creating what is called a bubble. That is defined as a cumulative movement in the price of a commodity whose price is high mainly because speculators think it is going to go even higher. Then the bubble burst causing the price of oil to drop precipitously. Bubbles happen because speculators are looking for fast and quick profits, no matter what the conditions of the market are surrounding the bubble phenomenon. They are certainly not a favorable thing for consumers and so when natural gas commodity markets start a fast and furious pace in the years to come, Congress will have to address the role of speculators more closely.
No matter what direction Congress goes, there will be critics of the move. While natural gas commodity prices do not have the front headlines now that oil futures possess, if T. Boone Pickens is right, natural gas will be the bridge fuel for the middle part of the 21st century. So Congress will either need to be the squeeze on speculators, which may hurt market liquidity and hedging opportunities, or take the side of consumers and try to curtail speculation that drives up prices. No matter what decisions are made in Washington, unless America puts her faith and trust in the God of the Universe, her days are numbered. Jesus said it like this: "He that heareth and doeth not (my sayings) is like a man that without a foundation built an house upon the earth; against which the stream did beat vehemently, and immediately it fell; and the ruin of that house was great." (Luke 6: 49)