4 Places to Sell Copper
| Best Places to Sell Copper | Associated Fees |
|---|---|
| ScrapMonster | Membership: $0 – $250 |
| SIMS Metal | $0 |
| RecycleNet | $0 |
| Local Copper Recycling Centers | $0 |
ScrapMonster
ScrapMonster is an online platform created by recycling professionals to help people get into this billion-dollar industry.
Through its website, you can search for up-to-date recycling prices, news, and information. Of course, you can also look for copper buyers locally and internationally.
To sell at ScrapMonster, navigate to its website and sign up with your email, Facebook, or Twitter account. After creating your account, you can add a listing and provide information about the copper you’re selling.
The Scrap Marketplace also lets you search for buyers. Here you’ll find the Search Listings Features, where you can filter buyer requests by:
- Category
- Country
- Date listed
You can also browse through Sell Offers at the Scrap Marketplace section to know what your listing should look like.
ScrapMonster offers a free membership plan with limited features, while premium plans cost around $49 to $250 monthly.
SIMS Metal
SIMS Metal is among the business divisions of Sims limited, a global metal recycling company. It’s also one of the places you can sell copper to, as it buys all types of metal.
Through their website, you can get a quote by filling out the online form. You’ll need to provide your name, region, state, phone number, and work email.
Besides your personal details, you’ll also need to include information on the copper you’re selling. These include the quantity or the weight estimate and the condition.
To receive more accurate quotes sooner, make sure to include a photo and provide an address, where you’re scrap metal, is located.
Additionally, you can also use their website to look for local scrap yards where you can sell copper.
RecycleNet
RecycleNet is a straightforward website where you can sell copper online. To view listings, you’ll need to navigate to The Recycler’s Exchange, scroll down and look for the Copper listings.
Unfortunately, the website has no search field so you’ll need to manually look for the copper section.
Once you get on to the “Scrap Copper Recycling Category”, click on Add a Listing. You’ll need to select the material you’re selling from the drop-down list, choose a country, and provide your email address.
After completing the online form, click on Submit and you can view your listing on the website. You’ll receive inquiries from interested buyers through your email so make sure to regularly check those.
Local Copper Recycling Centers
Suppose you want to know where to sell copper besides these websites. In that case, you can also look for local copper recycling centers near you.
Just head on to Google and use keywords, like “copper recycling centers near me” or “copper recycling centers.” Google will generate search results showing you the name, address, and whether the shop is open.
If there’s a phone number included in the Google search results, you can contact them ahead to learn more about their shop.
Say some recycling shops listed have reviews. In that case, you can also review those before paying them a visit.
By going through local recycling centers, you have a better chance of selling copper faster. You might be able to negotiate better prices and sell at the shop with the highest offer.
How Much Does Copper Sell for in 2024
In 2024, the price of copper is subject to fluctuations influenced by global market conditions. As of late 2023, copper was trading at just over $3.70 per pound, with expectations of possibly exceeding $4 per pound in 2024. These trends are shaped by factors like the strength of the U.S. dollar, U.S. interest rates, and economic conditions in China, the world’s leading copper consumer.
Furthermore, market research by BMI forecasts the average yearly copper price at $8,800 per metric ton for 2024. This prediction is higher than the average price in 2023 and is supported by a decline in US dollar strength and supply constraints. However, weak demand from China and limited growth in major markets are expected to place a cap on prices. In the longer term, a sustained market deficit is anticipated due to increased demand for copper in green energy initiatives.