The recycling of scrap metal plays a significant role in economic growth and environmental sustainability. As the capital city of Saskatchewan, Regina presents a vibrant market for scrap metal, attributed to its diverse industrial sectors including agriculture, oil and gas, and manufacturing. This article will examine the current scrap metal prices in Regina, focusing on copper, aluminium, steel, iron, and brass.
Several reliable resources can be utilised to discover the current scrap metal prices in Regina. Local scrapyards and recycling centres often provide the most relevant prices, as they monitor the local market dynamics closely. Given the fluctuation of scrap metal prices due to global market trends, local demand, and the quality of the scrap, it is recommended to contact these facilities directly or check their websites for the most accurate information.
Moreover, international benchmark prices for scrap metal can be accessed on platforms like the London Metal Exchange and various commodities trading websites. However, these prices may not perfectly reflect local prices in Regina due to factors such as transportation costs and local supply-demand dynamics.
Copper is a valuable scrap metal, with extensive usage in sectors like electronics, plumbing, and electrical wiring. The demand for scrap copper is substantial in Regina, resulting in favourable prices.
Currently, scrap copper prices in Regina fluctuate between approximately CAD 7.50 – CAD 10.50 per kilogram, depending on the quality and type of the copper scrap. Clean, pure copper typically commands the highest prices, while mixed or contaminated copper may yield less.
Aluminium, recognised for its lightweight and resistance to corrosion, is used extensively in industries such as automotive and construction. The consistent demand for recycled aluminium in Regina ensures a robust market for this metal.
Scrap aluminium prices in Regina, while lower than copper due to its more abundant supply and lower production cost, are still favourable. The current average price ranges from CAD 0.80 – CAD 1.20 per kilogram. However, certain types of aluminium scrap, like extruded aluminium, may command higher prices.
Steel is one of the most frequently recycled metals worldwide due to its broad usage in industries like construction, manufacturing, and transportation. In Regina, the demand for scrap steel remains strong, influenced by ongoing infrastructure development.
Scrap steel prices in Regina typically range from CAD 0.14 – CAD 0.22 per kilogram. The price can significantly vary depending on the type and quality of the steel. For instance, stainless steel, known for its high resistance to rust and corrosion, usually fetches a higher price.
Iron, a fundamental component in many industrial applications, maintains a steady demand in the scrap metal market. In Regina, scrap iron prices often align with steel prices, as steel is predominantly an alloy of iron.
On average, scrap iron prices in Regina range from CAD 0.12 – CAD 0.20 per kilogram. Factors such as the form of the scrap (cast iron, wrought iron, etc.) and its contamination level can influence the exact pricing. Furthermore, larger quantities of iron scrap may command better rates due to economies of scale.
Brass, an alloy of copper and zinc, is cherished for its aesthetic appeal and resistance to corrosion. It is widely used in fixtures, fittings, and musical instruments. The demand for scrap brass is consistently high in Regina, particularly in the construction and home renovation sectors.
The current rate for scrap brass in Regina varies between CAD 4.90 – CAD 5.80 per kilogram. Factors such as the quality, quantity, and form of the brass scrap can influence the exact price. Clean, unadulterated brass usually fetches a higher price.
In conclusion, the scrap metal recycling industry in Regina is dynamic, influenced by various local and global factors. By staying informed and cultivating strong relationships with local scrapyards, businesses, and individuals alike can maximise their returns from scrap metal recycling while contributing positively to environmental sustainability.
| Metal Type | Price per Kilo (kg) | Last Updated |
|---|---|---|
| Aluminium | $1.52 | 6-September-2023 |
| Brass | $2.91 | 6-September-2023 |
| Bronze | $1.15 | 6-September-2023 |
| Copper | $4.9 | 6-September-2023 |
| Iron | $1.50 | 6-September-2023 |
| Lead | $3.47 | 6-September-2023 |
| Steel | $1.86 | 6-September-2023 |