Scrap Aluminium Prices
Aluminium Is one of the most abundant metals on Earth and plays a vital role in various industries, including construction, transportation, and packaging. Due to its excellent recyclability, a significant amount of Aluminium Finds its way back into the market as scrap. Understanding scrap Aluminium Prices is crucial for both individuals selling scrap and businesses purchasing it.
Today’s Scrap Aluminium Prices
| Aluminium Extruded | £ 0.87 – 0.96 Per Kg |
| Aluminium Cast | £ 0.53 – 0.59 Per Kg |
| Aluminium Turnings | £ 0.22 – 0.25 Per Kg |
| Mix Aluminium | £ 0.19 – 0.23 Per Kg |
Factors Affecting Scrap Aluminium Prices
Several factors influence scrap Aluminium prices, making them fluctuate constantly. Here are some key elements to consider.
Metal Type and Purity: Different Aluminium grades have varying prices based on their purity and composition. For instance, clean, unpainted Aluminium with a high percentage of pure Aluminium(like extruded Aluminium) fetches a higher price than mixed or contaminated scrap.
Market Demand: The overall demand for Aluminium significantly impacts scrap prices. When demand is high in industries like construction or automotive, scrap prices tend to rise. Conversely, a decline in demand leads to lower prices.
Location: Geographical location plays a crucial role in determining scrap prices. Transportation costs and local supply and demand dynamics can cause price variations across different regions.
Form and Condition: The form and condition of the scrap also affect its value. Clean, sorted, and shredded Aluminium typically commands a higher price compared to bulky, mixed, or contaminated scrap.
Global Metal Market: Global metal market fluctuations, including the price of virgin Aluminium, can indirectly impact scrap prices. When virgin Aluminium prices are high, scrap prices may also rise as it becomes a more cost-effective alternative.
Finding Current Scrap Aluminium Prices
Due to the dynamic nature of scrap metal prices, it’s crucial to obtain up-to-date information before selling your scrap. Here are some helpful resources: If you are also looking for more Scrap Metal Prices, then must explore Scrap Brass Prices.
Local Scrap Yards: Contacting local scrap yards directly is the most straightforward way to get the current price they offer for different types of Aluminium scrap.
Online Price Aggregators: Several online resources aggregate and display scrap metal prices from various scrap yards across different locations. These can be a good starting point for comparison.
Industry Publications: Industry publications and trade journals often publish articles and reports on scrap metal prices, including Aluminium.
How To Get Best Prices For Scrap Aluminium?
Here are some tips to maximise your return when selling scrap aluminium:
Sort and separate your scrap: Different types of Aluminiumhave varying prices. Sorting your scrap by grade and composition allows scrap yards to offer a better price for each category.
Clean and prepare your scrap: Removing dirt, paint, or other contaminants from your scrap can significantly improve its value.
Know your types of Aluminium: Familiarize yourself with the different types of Aluminium scrap and their market value. This knowledge empowers you to negotiate effectively with scrap yards.
Shop around and compare prices: Don’t settle for the first offer you receive. Get quotes from multiple scrap yards before making a decision.
Consider the weight and form: Scrap yards typically buy scrap by weight. Ensure your scrap is accurately weighed to avoid any discrepancies. Additionally, consider the form of your scrap, as shredded or baled Aluminium may be easier to transport and fetch a slightly higher price.
Aluminium Prices Per KG
| Aluminium Extruded | £ 0.87 – 0.96 Per Kg |
| Aluminium Cast | £ 0.53 – 0.59 Per Kg |
| AluminiumTurnings | £ 0.22 – 0.25 Per Kg |
| Aluminium Plate | £ 0.45 – 0.49 Per Kg |
| Aluminium Cans | £ 0.65 – 1.39 Per Kg |
| Aluminium Sheet | £ 0.19 – 0.21 Per Kg |
| Aluminium Radiator | £ 0.18 – 0.21 Per Kg |
| Aluminium Wheels | £ 0.24 – 0.27 Per Kg |
| AluminiumFoil | £ 0.26 – 0.29 Per Kg |
| Aluminium Wire | £ 0.17 – 0.19 Per Kg |
Environmental Impact of Scrap Aluminium Recycling
Recycling Aluminiumoffers significant environmental benefits compared to using virgin aluminium. The production of virgin Aluminiumrequires a large amount of energy, primarily from electricity.
This energy consumption contributes to greenhouse gas emissions and air pollution. In contrast, recycling Aluminium uses significantly less energy, roughly 5% of the energy required to produce virgin Aluminium. This translates to a substantial reduction in greenhouse gas emissions and air pollution associated with Aluminium production.
Furthermore, recycling Aluminiumconserves natural resources. Mining bauxite, the primary ore used to extract aluminium, can have detrimental environmental impacts on land, water, and biodiversity.
Recycling existing Aluminium reduces the need for new mining activities, minimizing these potential environmental harms. Here you also get the prices of Scrap Iron.
The benefits extend beyond reduced energy consumption and resource conservation. Recycling Aluminium also helps to minimize the amount of Aluminium disposed of in landfills.
Over time, landfilled Aluminium can leach into the surrounding soil and water, potentially contaminating the environment. Recycling diverts Aluminium waste from landfills, preventing potential environmental contamination and promoting a more sustainable waste management approach.