Port Elizabeth, as a significant hub in the Eastern Cape Province, contributes significantly to the scrap metal market in South Africa. This article will detail the current scrap metal prices in Port Elizabeth and explore the various factors that determine these rates.
Finding the Current Scrap Metal Prices in Port Elizabeth
The prices of scrap metal are subject to regular fluctuations due to changes in global markets, local supply and demand, and the type and quality of the scrap metal. To find the most accurate, current scrap metal prices in Port Elizabeth, contacting local scrap yards or recycling centres is advisable. These establishments constantly monitor market trends and adjust their prices accordingly.
For global reference, the London Metal Exchange is a useful platform to track international scrap metal prices. But keep in mind that these global prices may not directly correspond to local prices in Port Elizabeth due to elements such as transport costs and local supply-demand conditions.
Scrap Copper Prices in Port Elizabeth
The high demand for copper, with its wide usage in industries like construction, electronics, and electrical engineering, maintains its market value. The price for scrap copper in Port Elizabeth typically lies between R70 – R100 per kilogram, although the exact price can change based on the quality and form of the copper scrap.
Scrap Aluminium Prices in Port Elizabeth
Aluminium’s lightweight and corrosion-resistant properties make it a valuable resource in the automotive and aerospace industries. In Port Elizabeth, scrap aluminium prices usually fall between R12 – R22 per kilogram.
Scrap Steel Prices in Port Elizabeth
Steel, the most recycled material worldwide, has an ever-present demand in industries such as construction, manufacturing, and automotive. In Port Elizabeth, scrap steel prices generally range from R1.5 – R3.5 per kilogram, with stainless steel fetching higher prices due to its increased durability.
Scrap Iron Prices in Port Elizabeth
Iron is a highly valued metal due to its extensive industrial applications. The price for scrap iron in Port Elizabeth typically ranges from R1 – R2 per kilogram, depending on the type and purity of the iron scrap.
Scrap Brass Prices in Port Elizabeth
Brass, an alloy of copper and zinc, is appreciated for its corrosion resistance and aesthetic appeal. It is used widely in fixtures, fittings, and musical instruments. The price for scrap brass in Port Elizabeth generally sits between R50 – R70 per kilogram, dependent on the quality and form of the brass scrap.
Here’s an estimation of the top 20 scrap metal types and their prices in Port Elizabeth. Please note that these are estimations, and actual prices may differ:
|Scrap Metal Type||Estimated Price Range (Rands per kilogram)|
|1. Copper #1||R80 – R100|
|2. Copper #2||R70 – R90|
|3. Copper Wire||R60 – R80|
|4. Brass||R50 – R70|
|5. Aluminium Cans||R5 – R7|
|6. Aluminium Sheets||R15 – R20|
|7. Aluminium Siding||R12 – R18|
|8. Stainless Steel||R16 – R22|
|9. Iron||R1 – R2|
|10. Cast Iron||R2 – R3|
|11. Lead||R17 – R22|
|12. Zinc||R11 – R16|
|13. Bronze||R50 – R60|
|14. Tin||R8 – R12|
|15. Steel #1||R2.5 – R3.5|
|16. Steel #2||R1.5 – R2.5|
|17. Car Batteries||R12 – R22|
|18. Radiators||R12 – R18|
|19. Insulated Copper Wire||R28 – R48|
|20. E-Waste (Electronics)||R6 – R16|
For the most precise and up-to-date pricing, we recommend contacting local scrap yards or recycling facilities directly. These establishments are the most accurate sources for current scrap metal prices in Port Elizabeth.