The What, When & Who of Aluminum Prices
The price some are willing to pay for aluminum varies. So, how much is aluminum per pound? A knowledge of the trending price of aluminum helps professionals like scrappers and those in construction to get the best deal on their recycles.
More than a simple daily figure, this article helps more by giving insight into how the market and demand for aluminum ranges. From there, you can, as an experienced professional, determine for yourself whether you should sell or store your scrap until better prices arise.
A knowledge of what the range in price of aluminum is will give you this insight. It also tells the when—when you should hit the market with your aluminum scrap. What remains is the who—who you should sell your aluminum to in the local area.
So, this post deals mostly with the range you will see in selling aluminum scrap. We also make some suggestions as to when aluminum sells at a higher price, and who pays these prices locally.
What is the range of aluminum prices?
Today, aluminum prices occupy a range trending around .35 cents per pound. In 1990, for example, the price of aluminum floated around half that price. Overall, aluminum is on a general upward trend though prices fluctuate greatly month to month.
Due to rises and falls in the amount of aluminum scrap sold, prices fall and rise as well. While aluminum keeps afloat, it is a steady investment of time and energy (unlike precious copper).
- Pro Tip: Indexmundi.com keeps a ledger of aluminum prices from 1990 up to the present day by month. It is a great resource to mine for pricing trends.
When does aluminum scrap sell highest?
In general, the optimal time to sell aluminum scrap is in the summer season. At this time, there is more activity in the industries that require aluminum like construction. But, since aluminum is used in manufacturing, consumer goods, and transportation, it remains relatively stable. Nevertheless, slight increases in demand means a higher price for your aluminum.
- Pro Tip: Winter months are more difficult for the aluminum scrapper. With less construction, there is less aluminum to collect and less demand.
More specifically, the preferred time to sell your scrap will depend on your location. Beginning and end periods of the month tend to be better times for collecting scrap, but the trends of your local scrap yard will more likely determine when you sell.
Who buys aluminum per pound locally?
Whether you are looking to sell your aluminum or merely have it hauled off your hands, local scrap yards offer different services and prices.
- Pro Tip: Call ahead to your local scrap yards to get a feel for their service, prices, and to consult on your unique situation.
For example, at Scrap Gators, we offer full-service residential and commercial scrap services from Port St. Lucie.
Give us a call at (772) 203-7391 for a consultation. We can quote you a price and offer you free services over the phone. With questions, detailed information, and requests, you can also send mail to firstname.lastname@example.org.
Learn more about where to find aluminum and learn how it is used through our related help articles: