When do you think scrap copper prices will go back up?

+1 vote
asked Oct 19, 2017 in Investing by Gorven (380 points)
When do you think scrap copper prices will go back up?

I have saved up 300 lbs of scrap copper wire and tubing and I really would love to sell it but I can't at the low prices that are being paid for scrap copper.

I remember a few years ago I was getting $3.50 lb for scrap copper but now scrap copper here is only $1.80 lb and It makes me sick to have all this copper but can't sell it at these low prices.

How long if ever do you think it will be before we see $3.50 lb scrap copper prices again?

At $1.80 lb I would get $540.00 and at $3.50 lb I would get $1,050.00 That's a big difference in my opinion.

1 Answer

0 votes
answered Oct 19, 2017 by Mechanic21 (29,150 points)
I read in my newspaper that scrap copper is supposed to go back up a little by the year 2020 but I don't think it's gonna get above $3.00 until around the year 2025 or later.

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