Copper Drops Post-Election: What’s Next for Scrap Prices?

📈 Check Scrap Prices: https://iScrapApp.com/ - Dive into the latest developments in the scrap metal industry following the election. With shifting policies and global economic pressures, markets are reacting surprisingly. From a drop in copper prices to aluminum’s steady rise, here’s what scrappers need to know this week!

♻️ Copper Highlights:
→ Prices drop amidst China's economic slowdown and U.S. tariff speculations
→ Potential decline of $0.30-$0.40 in the short term
→ Long-term growth potential tied to tariff outcomes

♻️ Non-Ferrous Metals:
→ Aluminum: Stable prices ($0.45-$0.55 per pound) supported by domestic demand
→ Lead: Flat market trends despite a slight uptick in lead-acid battery prices

♻️ Ferrous Metals:
→ Steel: Declines of $5-$10 per ton, with no near-term recovery expected
→ Stainless Steel: Nickel prices hit 52-week lows, stalling stainless recovery

♻️ Catalytic Converters:
→ Stable market despite dips in gold and platinum prices post-election
→ Policy shifts under the new administration could boost prices in 2024

♻️ Other Metals:
→ Carbide: Strong pricing, bolstered by hopes for domestic manufacturing growth

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