In Mississauga, Ontario, and throughout the suburban communities of the region, scrap metal dealers like Tal Metal are providing top dollar for scrap copper. With their long-established reputation, and a trusted name in metals recycling, Tal Metal has become a leading recycler of scrap, offering the best possible prices, based on fluctuations of the market.
Around the world, scrap copper supplies are very much influenced by the commodity markets, with supply and demand dictating the bottom-line pricing. For virgin copper, market watchers forecast pricing trends, and evaluate supply levels from copper mines around the world. But there are also “hidden deposits” of copper that don’t really show up on the stock market – these are the so-called “hidden deposits” of scrap copper.
Scrap copper generally comes from discarded copper - very often from copper wiring and copper tubing. And a good proportion of scrap comes from discarded air conditioning units, scrapped cars and vehicles, and a variety of waste building materials.
When scrap copper is abundant, large supplies usually come from “off-cuts” - waste from manufacturers, factories, and other facilites. All of this inventory makes up those “hidden deposits” of scrap. Industry statistics show that about one-third of copper consumption around the world is from scrap copper. So clearly, when demand exceeds supply, higher prices abound for both virgin copper and scrap copper. And, the opposite applies when supply exceeds demand.
During times when scrap copper volumes are in decline, its because manufacturing is slow, with fewer goods being produced. Therefore, there are fewer “off-cuts” created, and less waste generated. As well, when global economic growth is slow, fewer people are scrapping air conditioners, vehicles, and other copper-laden items.
Interestingly, supply and demand fluctuations can also result in a balancing effect on copper prices. There are industry experts who maintain that scrap copper supplies can actually stabilize an unstable marketplace. It means that recycling copper cables; copper wiring; and copper tubing can create continuity in the market.
Apart from commodity influences and market forces, copper metal is considered the number one metal in the recycling sector. And with quality as a primary consideration, pricing will always be based on the grade of the material, and on various factors affecting copper content. Production problems at copper mines can also cause problems in the copper market - accidents and disruptions can cause inventories to rise and fall, causing uncertainty throughout. In the end, both suppliers and consumers are affected by price fluctuations, with everyone responding and reacting in their own way.
Global supply and demand also has an effect on localities like Mississauga, and suburban communities in the region. It leaves the established scrap metal dealers like Tal Metal to navigate the market and provide the best possible pricing around the calendar year.