Get the Best Aluminum Can Prices

 In Recycling Aluminum

If you are one of the many people who collect and sell scrap metals like aluminum, it is necessary to find the best aluminum can prices. Such prices may vary depending on the scrapyard or recycling plant you sell to. It is therefore important for you to keep up with the latest trends in order to be informed about the latest market prices. There are many recycling plants like Scrap Mart where you can sell at great prices.

Prices have in the past three years recorded a rise following China’s demand. However, this changed at the beginning of May this year, following China’s reduced production growth. However, the price is expected to rise again due to increased demand from other parts of the world.

What to do to get the best aluminum can prices

To obtain great prices for your aluminum cans, ensure that your collection is pure aluminum. If you don’t, the buyer will deduct some percentage from the negotiated price. You should keep your scrap clean by removing any garbage or rust and also remove any other metal attached.

Numerous factors can influence the prices of aluminum cans. They include:

Production Cost

Recycling firms incur expenses like transport, power, and many others in order to remain in business. On average, it takes 11,000-15,000 kWh of electricity to produce 1ton of aluminum. The cost of production influences the amount of aluminum produced and its resultant price.

Supply and Demand

When there is a rise in aluminum demand, the price will rise, and vice versa. For instance, if aerospace, automotive, and other industries have a great demand for aluminum products, the prices will, consequently, rise. For a case where the demand is low compared to the quantity supplied, the prices will fall.

Global Economy

A weak global economy could lead to fewer industrial projects and, consequently, a decreased demand for base metals. When the aluminum industry is affected, there will be a negative impact on the price of its products.

Who to call to get the best aluminum can prices

Scrap Mart Metals is a major buyer of aluminum cans and other ferrous and non-ferrous products at competitive prices. We bring our expertise and experience to give you the best services. Contact us today to arrange a pickup at the best aluminum can prices.