Weekly Metal Price Report
Meanwhile, 9-carat scrap also posted a modest week-on-week rise of 1.27%, underscoring a generally firm trend across segments.
Copper led the market with gains of up to ¢20 across key grades
On a week-over-week basis, 22-carat scrap gold prices jumped by $47.33 per pound, driven by a mix of global and domestic factors.
Aluminum scrap prices also showed a modest upward trend on the Scrap Monster Price Index, although most listed grades remained unchanged week over week.
Copper scrap markets posted a generally firm week-over-week performance, as most grades registered price increases.
Silver scrap prices recorded a modest 4.98% weekly rise, driven by firm underlying silver prices, improved industrial demand and tight scrap supply flows.
Aluminum scrap prices generally trended lower on the Scrap Monster Price Index, although certain categories recorded no change during the period.
Lower-purity 9-carat material also moved lower, registering a 5.07% week-on-week drop.
Platinum scrap prices posted a notably strong weekly performance.
Almost every listed grade recorded an improvement from the prior week, with Aluminum Transformers emerging as the top performer after registering a 4.55% increase.
Most copper grades experienced slight week-on-week declines, with #3 Copper–Light Copper scrap posting the steepest drop of 4.09% compared to the previous week.
In the meantime, hallmarked and non-hallmarked silver prices were up slightly up upon comparison with the previous week’s prices.
Copper scrap markets experienced an overall positive week-on-week trend, with prices increasing in most segments.
Silver scrap prices followed a similar upward trajectory, increasing by 16.66 percent compared with the previous week.
Aluminum scrap prices were largely stable on the Scrap Monster Price Index, except for E.C. Aluminum Wire, which slipped 0.72% from the prior week.
Broad-based dips were observed across multiple purity grades.
Aluminum scrap prices trended predominantly higher on the Scrap Monster Price Index during the week.
Platinum scrap was among the strongest performers during the week, registering a pronounced upward move.
Copper scrap markets showed a mixed performance over the week. While a few select grades posted modest increases, a comparable number of categories remained unchanged on the Index.
Even lower-grade 9-carat scrap mirrored the negative momentum, falling by 7.77 percent on a week-on-week basis.
Zinc scrap prices edged up modestly in several categories, while international steel scrap benchmarks also exhibited jump in prices, indicating rebound in market activity.
Platinum scrap emerged as a standout performer, delivering a sharp upswing over the period.
Lower-purity 9-carat scrap also registered a positive trend, recording a week-on-week rise of 5.54 percent.
In short, global scrap metal markets remained largely stable during the week, with copper prices posting mild declines while aluminum, brass, bronze, lead, zinc, and steel scrap values stayed mostly flat.
Scrap gold of 14-carat purity posted a weekly increase of $100.01 per ounce, reflecting a gradual improvement in market buying activity.