Copper prices up in morning May 20 2011

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May 20 2011 - Copper prices are up in the spot market by 3 cents per pound to around $4.07 cents per pound USD.

There are many grades of scrap copper including bare brite, buss bar, #1 and #2 scrap copper. Copper is a non ferrous metal that will not take to a magnet. You will get more money for your scrap copper if you srip all the insulation off down to bare copper.

The price of scrap covers moves in tandem with the spot and comex prices so continue to watch both of these carefully.