I expected more replies, but maybe I have too many stupid questions?

Please, do I understand it right, that when I check LME copper "cash buyer" prices today and it shows 8934.50 per tonne - it means $8.9345/kg, right? And it's the top price, any scrap yard or manufacturer could make profit from?



Because it seems differently here - I have asked my friend again and he assured me, that the price he could get now is around $11.64/kg - I estimate, he is doing around 2 tonnes per year of copper - is it too much, could it explain his prices? Or is it something, many of you do yearly too? Thank you.