Will Scrap Metal Prices Go Up In 2025

Will Scrap Metal Prices Go Up In 2025. Looking ahead to 2025, aluminum and tin prices are predicted to increase further by 4%, while iron ore and lead prices are forecast to extend their declines. But, what if we told you that copper scrap metal is quickly becoming the next big metal?

Expect the steel scrap producer price index to rise in 2025 due in part to increased demand stemming from expected lower interest rates, an easing in quantitative. The boosted demand will push copper prices to $15,000 per ton by 2025, significantly higher than the previous year peak of $10,730 per ton touched in march 2023.