As we’ve watched the copper prices reacting in a positive way, we have a couple of things that we have been watching to see what type of domino effect is going to happen. With possible trade problems between the United States and the Chinese again over the origin of the COVID-19 spread, there’s talk of the Phase 1 Trade agreement being canceled or changed or delayed.
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Jump To Non-Ferrous Prices Jump To Ferrous Prices Scrappers!!! We hope that everyone is doing well and slowly enjoying multiple states re-opening in different phases across the country. We are especially excited that we saw such a nice increase in copper prices on Monday rising $0.11 per pound. On top of that, we’ve seen […]READ MORE
You’re safe and health is most important to the Team at iScrap App. One of the most common questions we have received lately from scrappers is about the COVID-19 and how it’s affecting scrap yards, scrap prices, and the industry. One thing that may not be getting attention is the effect that the virus itself […]READ MORE
Copper is one of the most sought-after metals in the scrap industry. It comes in various shapes and sizes from pipe, wire, plate, electronics, and more. With our technology ever-growing, we have more electronics around us daily, which means more copper wire for scrap available. Having copper wire for recycling can be very valuable to […]READ MORE
The catalytic converter in the scrap industry has become a HOT commodity. With the prices of platinum, palladium, and rhodium – the three precious metals found inside catalytic converters – soaring to an all-time high, catalytic converter recycling has become a huge part of the scrap metal industry over the last few years. There are […]READ MORE
If you are looking to start scrapping metal for some extra money or even a full-time job, we have some important tools and accessories you should look into getting for yourself before you begin. Tom, the founder of iScrap App is a scrap yard owner and has been in the business for years. We sat […]READ MORE
Aluminum prices have begun to slip down again with a weekly price report showing prices down another penny or two per pound. Aluminum has continued its struggle over the last two years starting with the tariff situation with the Chinese and now continuing with weaker demand due to the virus outbreak.
We have seen the copper prices not only stabilize over the last few days but also increasing as more people are going back to work and other scrap yards are beginning to re-open. Many people that live outside of the major areas in the United States are not seeing the devastation of sickness and death and do not have a firm grasp of what is going on.
Have you ever wondered why scrap prices may seem so much higher in one place and much lower in another when you are looking at the same material? There are a lot of factors that play into the prices that yards pay, but a lot of has to do with location as well. Unfortunately, the […]
Jump To Non-Ferrous Prices Jump To Ferrous Prices Happy Earth Day! First and foremost, we would like to thank all of the healthcare workers, as well as the frontline workers at grocery stores, pharmacies and all other lines of work that are on the front lines helping so many people out right now. It […]
With Earth Day celebrated on April 22nd, it is a perfect time of year to discuss the importance of metal recycling to the environment. With many people heading out of their winter confinements and cleaning out garages and planting gardens, metal recycling should also be a big part of your Earth Day clean up. A […]
Crazy times call for crazy amounts of hoarding sometimes. We’ve seen over the years when scrap prices dip down that many people hold onto their property and their brass and their other high valued items to be able to wait for higher valued times.
They say the old dogs have a hard time learning new tricks and we believe that the same thing goes for the scrap industry. We talk to hundreds, if not thousands of people over the years about the different ways that they make money with their metal and one thing has generally remained constant- they rarely change what they do.
What is Platinum? Platinum is a precious metal and is used in all types of applications from jewelry to electronics and even catalytic converters. Platinum is one of the most valuable precious metals in the world and because of its use in multiple spaces has always been a very coveted item to recycle. Where to […]
The good news is we look to be returning to normal quicker and quicker as the days go on and hopefully everyone’s health continues to be at the forefront of their minds and we push through this as quickly as we can. Some positive news that we have seen is the copper markets have continued to steady and we have started to see the iron market picking up as well.
We hope that everyone has been enjoying the nice increase in copper that we have seen in the last couple of days. After seeing an increase in the market, it gives us a little renewed sense of optimism that we will be able to continue this going forward.