How Much Is Clean Aluminum Per Pound

How much is aluminum per pound? What is the range of aluminum prices? When is the best time to sell aluminum scrap? These are all common questions we get, and today we're compiling all of the answers together into 1 user-friendly source.

Although this post deals generally with the range y'all volition meet in selling aluminum flake, we besides share some helpful tips for when to when aluminum sells at a higher price, and who pays these prices locally. This is one post you can't beget to miss!

So, permit'southward kickoff with the well-nigh popular question of all.

How Much is Aluminum Per Pound?

Like about materials, the price some are willing to pay for aluminum varies. So, how much is aluminum per pound?

Let's turn to Statista.com for the answer:

"In 2020, the average market spot toll of an aluminum ingot was 89 U.South. cents per pound."

Knowledge of the trending price of aluminum helps professionals similar scrappers and those in construction to become the best deal on their recycles.

More than a simple daily figure, this article helps more by giving insight into how the marketplace and need for the aluminum range. From at that place, yous can, every bit an experienced professional person, determine for yourself whether you should sell or shop your scrap until better prices arise.

A knowledge of what the range in cost of aluminum is will requite y'all this insight. It also tells the when—when yous should hit the market with your aluminum chip. What remains is the who—who you should sell your aluminum to in the local area.

Aluminum scrap metal - aluminum recycling

What is the range of aluminum prices?

Today, aluminum prices occupy a range trending around .35 cents per pound. In 1990, for instance, the toll of aluminum floated around half that price. Overall, aluminum is on a full general upward tendency though prices fluctuate greatly month to month. (Nosotros'll get to more than on what affects the price of aluminum per pound in a moment)

Due to rises and falls in the corporeality of aluminum scrap sold, prices fall and rising as well. While aluminum keeps adrift, it is a steady investment of time and energy (dissimilar precious copper).

What affects the prices of aluminum per pound?

In that location are several different factors that ultimately play a large role in the toll of aluminum per pound. 1 of the biggest factors, of grade, is where and how you lot sell it. That's why information technology's of import to work with scrap metallic recyclers in Fort Pierce yous can trust!

Forth with who y'all entrust to buy your aluminum, there are several other things that bear on the price of aluminum per pound.

One such factor is the weather condition. In the winter, aluminum oftentimes sells for less. This is because of a few things, including difficulty transporting it, decorated holidays, and finding less fleck metal outside considering not as many construction projects accept place in common cold weather.

Interestingly, the toll of aluminum is likewise highly dependent on the price of electricity.

Consider these insights from Kloeckner Metals:

"The price of aluminum is strongly dependent on the cost and availability of electricity. The U.S. Aluminum Merchandise Groups approximate that the cost of electricity accounts for 30% of the full cost of aluminum. In China, electricity consumption is closer to 45% of the price of aluminum. The cost of electricity used to produce aluminum accounts for nearly 2% of free energy production worldwide."

When does aluminum bit sell highest?

In general, the optimal time to sell aluminum scrap is in the summertime flavour.

At this fourth dimension, at that place is more activity in the industries that crave aluminum similar construction. Merely, since aluminum is used in manufacturing, consumer goods, and transportation, it remains relatively stable. Nevertheless, slight increases in demand ways a higher cost for your aluminum.

More specifically, the preferred time to sell your scrap will depend on your location. Start and cease periods of the month tend to exist ameliorate times for collecting scrap, merely the trends of your local bit yard will more than likely determine when you sell.

Where to find aluminum?

Knowing the kind of coin you tin get for selling aluminum might have you wondering how y'all can get your easily on more than of information technology.

Here are five of the almost mutual places to find aluminum:

In consumer packaging

Firstly, an essential property of aluminum is that it is lightweight. For this reason, information technology can be carried and travel very well without losing its shape or strength. That's why aluminum composes ordinary packaging like cans, nutrient containers, and foil. And, this makes dining halls, kitchens, and public spaces great places to find aluminum.

At construction projects

Thanks to aluminum'southward lightweight strength, it's a bang-up option for many construction projects. Further, it serves a diverseness of purposes during construction projects. Couple that with its reusable nature, and it's an obvious choice for many projects.

Commercial structure sites are oftentimes rich in aluminum, including in:

Frames
Roofs
Siding
Walls
Door handles
HVAC units

Vehicle bodies

Because aluminum is resistant to corrosion, it's a popular option for amalgam all kinds of vehicles, including cars, trucks, and trains. Farther, information technology tin can exist found in engine blocks, wheels, and torso panels. That's why you'll often discover people exploring flake yards or taking apart broken-down vehicles to collect this material.

Marine ships

You'll often find this lightweight yet stiff textile in big ships, hovercrafts, and hulled vessels.

HVAC Units

Aluminum is also an important component in many heating and cooling units, which makes HVAC units and supplies a prime source for this cloth.

What kind of aluminum products tin can I recycle?

Now you know some of the places to find aluminum, but side by side, permit'southward talk more well-nigh some of the specific items yous tin can recycle.

We take an unabridged post on recycling aluminum that you can find hither.

That postal service includes this listing of recyclable aluminum products:

Window frames
Wire
Old cars
Cables
Clippings, borings, and other manufacturing scrap
Leftover skeletons from aluminum sheets cutting to create cans
Tubing
UBC cans (Universal Beverage Cans)
Scrap metal (including HVAC flake metal and electric motor bit)
Pie pans

Who buys aluminum per pound locally?

Whether you are looking to sell your aluminum or merely take it hauled off your hands, local flake yards offer different services and prices.

For case, at Flake Gators, we offer full-service residential and commercial scrap services from Port St. Lucie. We service commercial and industrial projects large and small.

Do y'all want to remove outdated mechanical systems? Or make clean out vacant buildings? Or peradventure yous're in the middle of construction and demand more infinite? Perchance you but want to get rid of some extra junk!

No matter what, we have the know-how and feel to brand certain your projects run smoothly.

When to Sell Aluminum: Pro Tips

Now, let'due south motion onto those pro tips nosotros promised to aid you go the near for the aluminum you're selling.

Pro Tip #ane

Indexmundi.com keeps a ledger of aluminum prices from 1990 up to the present twenty-four hours by month. It is a great resources to mine for pricing trends.

Pro Tip #2

Winter months are more difficult for the aluminum scrapper. With less construction, there is less aluminum to collect and less demand.

Pro Tip #three

Call ahead to your local scrap yards to become a feel for their service, prices, and to consult on your unique state of affairs.

Pro Tip #iv

Some events will be happy to take you lot stop by at the end of an event to take scrap off their busy hands. They may even not have thought the refuse could exist recycled. Inform them!

Give us a call at (772) 203-7391 for a consultation. We can quote you a price and offer you free services over the telephone. With questions, detailed information, and requests, you tin also send mail to wally@scrapgators.com.

Learn more about where to find aluminum and larn how information technology is used through our related help manufactures:

Where to Find Aluminum
Uses of Aluminum

Source: https://www.scrapgators.com/how-much-is-aluminum-per-pound/

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