These are used for power transmission and can be obtained from dismantled electrical lines and hubs, ignition systems, industrial machinery, etc. Most of these cables are made of copper, and this makes them ideal for scrapping, as copper products are bought at good rates. It is used in various electronic systems, such as telephone and mobile networks, cable television, etc. The copper wire may be coated by tin or nickel. Insulated Copper wire smaller than 16 gage (1/16 inch) and has a copper recovery of 55% - 79%. Must have a copper recovery of 75% or more. For example, three-month copper futures traded at 4,731 per. If wire is stranded, each wire must be 1/16” or thicker. A rising market price suggests strong economic health, while a decline suggests the opposite.
Kitco Metals also offers a variety of price history. Insulated Copper wire that is 14 gage or thicker (1/16 inch). To view a larger version of a copper pricing history chart, simply click your selection on the left. Why it matters: Copper prices are widely seen as offering a useful reading on. Futures prices for the metal used in the wires in everything from cars to houses to electronics are down roughly 13 this month. Bare wire under pencil lead thickness is accepted. Copper prices are down sharply this month, yet another sign that the outlook for global growth is softening, especially in China. Insulated copper is not accepted as #2 copper. An important risk management tool and the preferred instrument used by the. #2: Copper that has paint, dirt, solder, corrosion, etc. Copper futures offer price mitigation to a range of market participants. Wire must be bare and thicker than a pencil lead.
#1: Clean uncontaminated with no paint, solder, insulation, dirt, etc. First, copper prices fell 58 between the beginning of 2010 and the beginning of 2016, falling close to the. Prices may vary due to quality, quantify, your location and commodity market volatilityĬopper wire that is not corroded or burned and must be shiny in its appearance. The exceptionally slow growth in copper supplies resulted from a combination of factors.
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