What Determines the Price of Scrap Metal?
Scrap metal price is determined by the type of metal, location, quantity, and current market value. Copper sells for more than aluminum; scrap metal sells for more here in Dallas than in Mumbai, India; and a ton of scrap metal will sell for more than a few pounds. As for current market value, you can follow the "spot price" of a given metal. Spot price is the price that companies pay for pure ingots of a metal.