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Aluminum can prices.

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  1. 04-05-2015, 08:35 PM #1
    DakotaRog
    DakotaRog is offline Metal Recycling Entrepreneur
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    You Cali guys, isn't the minimum the CRV goes is $1.55?? I've always figured its takes about 30-32 cans to make a pound (about half an ounce each) so 31 @.05 CRV is $1.55. Good for you if you guys can get some sort of price bidding among companies out there. Must be things going on beneath the surface to make companies go higher (the state pays the redemption companies and then they basically have no money into the cans besides what it costs to maintain their business and labor?).

    I don't think there's a way really to compare your situation with the straight spot price on non-subsided Al cans with companies in states that don't do it. My non-ferrous pays 60 cents a pound and has for a while. That's pretty good I think for a non-redemption state...

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  3. 04-05-2015, 09:48 PM #2
    bigburtchino
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    Almost every traded metal and even non-metals (oil) has had significant decrease in prices in the last one year period. Silver more than 20%, Nickel 25% and Tantalum 30% (oil 50%). We have all seen this with both scrap metal and E-waste, with some slight improvement with Copper scrap prices (still down 8% from April 2014).

    All except Aluminum, almost no change in prices on the spot market and the scrap yards. Here in California even a slight increase in Aluminum scrap prices. Especially true with the CRV cans, maybe it's that there's a guaranteed "built in" price with the states CRV fund. Don't know why (not that smart or have the info to answer that), but the price of CRV is up (for me) by $.07 from this time last year.
    Last edited by bigburtchino; 04-05-2015 at 09:52 PM.
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