Copper Hits $6/LB! Scrap Prices Soar Across the Board to Start 2026

Описание: 📈 Check Scrap Prices: https://iScrapApp.com/ - 2026 is off to a blazing start—and copper is leading the charge. For the first time ever, copper traded above $6 per pound both domestically and internationally. This historic price milestone is shaking up the entire scrap industry.

In this week's report, we dive into what's driving these massive gains in copper and how the rest of the scrap market is reacting. From aluminum to catalytic converters, it's a green light across the board.

♻️ Copper Highlights:
→ Copper crosses $6 per pound for the first time in history
→ Supply tightens due to tariffs and slowing imports
→ Surging demand from U.S. manufacturing and infrastructure sectors
→ Analysts forecast continued strength through Q1 2026

♻️ Non-Ferrous Metals:
→ Aluminum up 7–10% since Thanksgiving
→ Price gains supported by lower energy costs and steady industrial demand
→ Brass and insulated copper wire also trending upward

♻️ Ferrous Metals:
→ Steel prices rising on reduced imports and cheaper oil
→ Energy cost savings helping mills boost scrap demand

♻️ Catalytic Converters:
→ Converter prices hit 3-year highs as PGM markets heat up
→ Rhodium nears $10,000/oz; Platinum and Palladium rally
→ Europe’s EV policy changes driving gas and diesel demand

♻️ Other Metals:
→ Nickel surges 10% in a single day on short supply news
→ Carbide and tungsten continue climbing amid export reductions from China
→ Rare earth markets remain tight despite trade agreements

Don’t miss this week's full breakdown of what’s driving the strongest start to a scrap year in recent memory. Stay informed and scrap smarter with iScrap.

👉 Read more: https://iscrapapp.com/blog/weekly-scr...

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