Market Boom: Copper Soars Over $5, Aluminum Gains Momentum!

[@Jqlife]

Thanks for the update ! This week I found a new scrap yard with much better prices! My old scrap yard would not change prices unless they saw prices going downward unfortunately only 5 min away and yet #1 copper at old yard was and is 3 dollars while this new scrap yard is 3.99 🙏🙏🙏

[@izzydo3494]

I think copper is becoming the new "gold and silver" precious metal investment. Everybody knows copper is going to be valuable in the near future and its going to be in short supply if mines can't keep up. So people are investing in it just like silver and gold.

[@68Eric86]

I agree 100%

[@Nas_Atlas]

You run a good channel. Interesting thoughtful content. Wild times with copper prices. Could just be traders trying to corner the price and make a profit.

[@iScrapApp]

Quite possibly

[@improvingamericashomes6530]

Tom, the market price was manipulated in the past by keeping the prices down. We are seeing the market manipulation coming off. We should have been at $5 a long time ago.

[@jgils5559]

This is pretty awesome to see! Gold and Silver running Hot too. Silver may break through into the 30 dollar range today. That’s the first time in many years that has happened. Glad I bought so much years ago.

[@bluejay3369]

Could be there is a lot of steel sitting around while copper is in short supply. My guess anyways

[@joshuamorris9050]

Steel is still pretty strong

[@bluejay3369]

Do you own RRcats and RRCarbide. I was just wondering if the RR is for Rockaway Recycling

[@iScrapApp]

They are our sister company!

[@jahvanspence4958]

Where are you located? I am in Toronto Canada.

[@iScrapApp]

Our brick and mortar location is in Rockaway, NJ

[@68Eric86]

Copper is a monetary metal just like gold and silver. So people are buying it as an investment.

[@Casevillecountryboy]

Bro. Nothing on steel is Going Out of the ordinary. This is the time of the year that the market gets flooded because everybody's doing this Spring cleaning, so they're getting flooded with tin as soon as the cold months come around up here in the Northwest 10 prices. Car bodies, all that's gonna go right back up high like it. Usually, as this time of the year you're getting flooded with all the farmers cleaning up land people cleaning out their houses. People get ready cars.

[@iScrapApp]

residential scrap influx is barely a dent in the market that commercial scrap creates

[@user-uv7vj5dl4x]

i would like to know why i sold a cat to junkyard for $190 thought i did good and the other guy that buys cats said it was worth $400 how do i know what its worth

[@iScrapApp]

There's so many makes of Cats that prices can be that variable (if not more). Reach out to our RRCats team to learn more: rrcats.com/blog/

[@frontlinemedia4270]

I thought you told us to sell our copper and aluminum before? Glad I didn't listen

[@theconstitutionmatters762]

the sorry bastards here in columbus ohio haven't moved their copper prices since november its $3.05 for barebright, $2.65 for number 2 and $2.85 for number 1

[@iScrapApp]

🤮