Our site provides you with the latest scrap metal and copper prices per pound in Melbourne for a range of different types of valuable materials, including various forms of; copper, steel, aluminium, iron, brass, lead and for other forms of recyclable scrap such as junk cars, car batteries, aluminium cans and copper wire too.
In Melbourne, Australia, the scrap metal industry plays a vital role in managing waste and promoting sustainability by recycling and repurposing discarded materials. This article provides an in-depth look at the current scrap metal prices in Melbourne, focusing on key metals: copper, aluminium, steel, iron, and brass.
Finding the Current Scrap Metal Prices in Melbourne
Scrap metal prices are subject to frequent fluctuations due to various factors, including global market conditions, local demand, and the quality and type of the scrap metal. The most accurate way to determine current scrap metal prices in Melbourne is by contacting local scrapyards or recycling centres, which routinely update their prices based on the current market dynamics.
In addition, online platforms such as the London Metal Exchange or various commodity trading websites can provide insights into international scrap metal prices, offering a broad perspective of global market trends. However, these international prices may not directly translate to local prices in Melbourne due to costs like transportation and local supply-demand dynamics.
Scrap Copper Prices in Melbourne
Copper is highly valuable in the scrap metal industry due to its extensive use in sectors like construction, electrical, and electronics. The price for scrap copper in Melbourne typically ranges between AUD 7.00 – AUD 9.80 per kilogram, depending on the quality and type of copper scrap. Clean, unalloyed copper generally fetches the highest prices.
Scrap Aluminium Prices in Melbourne
Aluminium is known for its light weight and resistance to corrosion, making it highly sought after in the automotive and aerospace industries. The price for scrap aluminium in Melbourne, however, is generally lower than copper due to its ample supply, and it ranges between AUD 0.70 – AUD 1.00 per kilogram. Certain types of aluminium scrap, like extruded aluminium, can command higher prices.
Scrap Steel Prices in Melbourne
Steel is the most recycled metal worldwide, with consistent demand driven by its wide use in construction, transportation, and various other industries. The price for scrap steel in Melbourne generally lies between AUD 0.12 – AUD 0.25 per kilogram. The specific price can vary based on the type and condition of the steel scrap, with stainless steel usually priced higher.
Scrap Iron Prices in Melbourne
Iron is fundamental to many industrial applications, and its scrap is typically priced in line with steel scrap. The average price for scrap iron in Melbourne ranges between AUD 0.10 – AUD 0.20 per kilogram. Prices can fluctuate based on the form of the iron scrap (cast, wrought, etc.) and its contamination levels.
Scrap Brass Prices in Melbourne
Brass, an alloy of copper and zinc, is popular for its decorative appeal and durability and is widely used in fixtures, fittings, and musical instruments. Scrap brass in Melbourne commands prices generally ranging between AUD 4.10 – AUD 5.30 per kilogram. The specific price can vary based on the form, quality, and quantity of the brass scrap, with clean, uncontaminated brass generally achieving higher prices.
Top 20 Scrap Metal Types and Estimated Prices in Melbourne
|Scrap Metal Type||Estimated Price Per Kilogram (AUD)|
|Copper – #1||9.80|
|Copper – #2||8.50|
|Aluminium – Extruded||1.00|
|Aluminium – Mixed||0.75|
|Stainless Steel – 304||1.30|
|Stainless Steel – 316||2.00|
|Steel – Heavy Melt||0.25|
|Steel – Light Iron||0.12|
|Brass – Yellow||5.30|
|Brass – Red||4.80|
|Iron – Cast||0.20|
|Iron – Wrought||0.15|
|Lead – Soft||2.15|
|Lead – Wheel Weights||0.90|
|Zinc – Old||0.90|
|Zinc – New||1.10|
|Nickel – 304||9.00|
|Nickel – 316||10.70|
These prices are estimates and may vary based on current market conditions and the quality of the scrap metal.
In conclusion, keeping abreast with the scrap metal prices in Melbourne and understanding the factors influencing these prices can lead to more informed decisions when dealing with scrap metals. By doing so, businesses and individuals can maximise their returns from scrap metal recycling and contribute towards a more sustainable environment.