Scrap metal is an important commodity in Canada, with a thriving recycling industry that supports a range of sectors. In this article, we'll take a look at current trends in scrap metal prices in Canada and provide some tables to give you an idea of what you can expect to get for your scrap metal.
Current Scrap Metal Prices in Canada
As of April 2023, the current prices for scrap metal in Canada can vary depending on the type of metal and location. Generally, the prices range from $0.05 to $0.75 per pound, with some metals commanding higher prices than others. The prices are influenced by several factors, including global supply and demand dynamics, commodity market conditions, and the state of the Canadian economy.
Factors That Affect Scrap Metal Prices
There are several factors that can impact the price of scrap metal in Canada. These include:
Global supply and demand: Just like with scrap nickel, the price of scrap metal is largely determined by global supply and demand dynamics. When demand is high and supplies are limited, prices tend to rise. Conversely, when demand is low and there is an oversupply of metal, prices can fall.
Commodity market conditions: The state of commodity markets can have a significant impact on scrap metal prices. When commodity prices are high, scrap metal prices tend to be higher as well.
Economic conditions: The economic climate in Canada can also impact scrap metal prices. In times of economic uncertainty, such as during a recession, demand for scrap metal can decrease, which can lead to lower prices.
Table 1: Average Scrap Metal Prices by Province
The following table shows the average price per pound for scrap metal in each Canadian province:
| Province | Average Scrap Metal Price (per pound) |
|---|---|
| Alberta | $0.05-$0.75 |
| British Columbia | $0.05-$0.75 |
| Manitoba | $0.05-$0.75 |
| New Brunswick | $0.05-$0.75 |
| Newfoundland and Labrador | $0.05-$0.75 |
| Northwest Territories | $0.05-$0.75 |
| Nova Scotia | $0.05-$0.75 |
| Nunavut | $0.05-$0.75 |
| Ontario | $0.05-$0.75 |
| Prince Edward Island | $0.05-$0.75 |
| Quebec | $0.05-$0.75 |
| Saskatchewan | $0.05-$0.75 |
| Yukon | $0.05-$0.75 |
Table 2: Sample Scrap Metal Prices by Material Type
The following table provides some examples of how much you might expect to get for different types of scrap metal based on their material composition:
| Material Type | Approximate Scrap Value (per pound) |
|---|---|
| Aluminum | $0.20-$0.50 |
| Brass | $1.50-$2.00 |
| Copper | $2.50-$3.50 |
| Stainless Steel | $0.30-$0.50 |
| Steel | $0.05-$0.15 |
Keep in mind that these prices are subject to change, and the actual value of your scrap metal will depend on the type of metal, its condition, and the current market conditions. Additionally, it's worth noting that some scrap yards may offer different prices for different types of metal, so it's important to shop around and get quotes from multiple sources to ensure you're getting the best price for your scrap.
Current Scrap Metal Prices Per Pound Canada
Need to find a scrap yard near you in Canada? Click the area you live under the map below to find local scrap yards that you can sell scrap metal to in Canada.
Types of Scrap Metal and Prices Per Pound Canada
Copper
Steel
Aluminum
Iron
Lead
Brass
Stainless Steel
Nickel
Scrap Cars
Scrap Boats
Get the latest scrap metal prices per pound in Toronto, Montreal, Calgary, Alberta, British Columbia, Ottawa, Edmonton, Mississauga, Winnipeg, Vancouver, Brampton, Hamilton, Quebec, Surrey, Laval, Halifax, London, Markham, Vaughan, Gatineau, Saskatoon, Longueuil, Kitchener, Burnaby, Windsor, Regina, Richmond, Richmond Hill, Oakville, Burlington, Greater Sudbury, Sherbrooke, Oshawa, Saguenay, Levis, Barrie, Abbotsford, Coquitlam, Trois-Rivieres, St Catharines, Guelph, Cambridge, Whitby, Kelowna, Kingston, Ajax, Langley, Saanich, Terrebonne, Milton and St John's. Take a look here if you are looking for current scrap metal prices in Australia
Types of Scrap Metal and Prices Per Pound Canada
| Metal Type | Scrap Metal Prices Canada |
| Aluminium Radiators | $0.40 per pound |
| Aluminium Cans | $0.55 per pound |
| Brass (yellow) | $1.50 per pound |
| Brass (red) | $1.75 per pound |
| #2 Steel | $175 per ton |
| Iron | $95 per ton |
| Tin | $120 per ton |
| #1 Copper | $2.60 per pound |
| #2 Copper | $2.40 per pound |
| CI Aluminum wheels | $0.60 per pound |
| Lead | $0.45 per pound |
| Magnesium | $0.05 per pound |
| Stainless Steel 304 | $0.40 per pound |
| Electric Motors | $0.10 per pound |
| Alternators | $0.25 per pound |
Sell Scrap Metal Prices Canada
Scrap Copper is amongst the most popular type of scrap metal bought and sold in Canada, scrap copper is found in electric appliances, old television sets, electrical wires, pipes, tubes and many other places around the home and workplace. Scrap copper is currently bought for around $2.50 per pound and is certainly a valuable type of scrap metal.
Scrap steel and stainless steel is also a popular type of scrap metal that is bought and sold every day throughout Canada. Steel is found in many places in peoples houses and places of work. Stainless steel can be identified using a magnet, the magnet should not stick to the metal.
Scrap brass is quite a popular type of scrap metal that people across the country sell to scrap yards daily in Canada. Scrap brass comes in many forms, yellow brass, bronze brass which has a higher copper content, ornaments, beds, electronic items etc. You should clean your brass before you weigh it in, by clean we mean you should remove all non brass items that could contaminate the brass such as rubber of wood that may be part of brass ornaments, this will help you get the best price per pound when you sell your scrap brass.
Scrap Lead Prices Canada
Scrap Lead is a popular and quite a valuable metal that is sold to scrap/junk yards across Canada every day. Scrap lead can be found in many places around houses, both inside and out, lead is also used around old windows and many other places. You can sell your scrap lead for around $0.60 per pound and is certainly worth selling.
Scrap Iron Prices Canada
Scrap Iron Prices are often searched for online, that is because iron is a very popular type of scrap metal and is frequently sold as scrap in Canada. You can currently sell scrap iron in Canada for around $130 per nt.
Scrap Lead Acid Battery Prices Canada
Scrap lead acid batteries are a common type of scrap sold to scrap yards, they currently sell for around $0.30 per pound. They are obviously found in cars, motorcycles, trucks etc.
Scrap Aluminum Prices Canada
Scrap aluminium is sold in Canada for top prices per pound on the daily. It is a popular type of scrap metal sold to junk yards across aluminum. The prices you will receive for scrap aluminum vary, for example for aluminum cans you will currently receive around $0.45 per pound and for alloy wheels you will get around $0.70.
Scrap Tin Prices Canada
Scrap tin is currently sold to scrap yards for around $170 per nt. All scrap yards in Canada will buy scrap tin for a competitive price per pound.
Scrap Car Prices Canada
When it comes to selling an old or unwanted car as scrap you really should shop around for the best price as the prices offered for scrap cars when we tried 10 scrap car buyers differed immensely. Click the area you live above to view scrap car buyers in Canada. As we previously mentioned you really should shop around, we recommend you get as many quotes from companies close to you. Many companies will collect your car and still pay you, many will remove the car for free and not pay you anything because they had to do so.
Scrap Metal Current Prices Canada
If you are looking for real time metal prices kitco metals are up there with the best of them.
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