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The London Metal Exchange is an example of a metals exchange where metal is traded as futures contracts providing pricing for defined purity and contract size. The LME Copper contract for example is for delivery of 25 tonnes of Grade A copper cathode at a specified location and priced in United States dollars. This is used to set the price of ...
As Los Angeles battles a surge in copper wire and metal theft, police have launched a major crackdown, arresting several metal recyclers in the San Fernando Valley. Authorities have recovered over ...
Copper wire thefts have also become increasingly common in the US. With copper prices at $3.70 a pound as of June 2007, compared to $0.60 a pound in 2002, people have been increasingly stealing copper wire from telephone and power company assets. People have even been injured and killed in power plants while trying to obtain copper wire.
An estimated 80% of all copper ever mined is still in use today. [46] In volume, copper is the third most recycled metal after iron and aluminium. [47] As of 2023, recycled copper supplies about one-third of global demand. [48] The process of recycling copper is roughly the same as is used to extract copper but requires fewer steps.
In the US, scrap prices are reported in a handful of publications, including American Metal Market, based on confirmed sales as well as reference sites such as Scrap Metal Prices and Auctions. Non-US domiciled publications, such as The Steel Index , also report on the US scrap price, which has become increasingly important to global export markets.
Radius Recycling, Inc., previously known as Schnitzer Steel Industries, Inc., is a steel manufacturing and scrap metal recycling company headquartered in Portland, Oregon. Founded in 1906, the publicly traded company is a component Russell 2000 Index with approximately 3,500 employees. In 2023, the company adopted its current name and a new ...