Learn about the factors that influence the market price of copper scrap, including supply and demand dynamics, global economic conditions, copper market trends, and government regulations. Find out why copper scrap is in high demand and how it is a cost-effective source of copper for manufacturing purposes. Stay updated on the current copper scrap market price by referring to industry publications, metal pricing websites, and local scrap yards.

The copper scrap market is influenced by demand and supply dynamics, economic conditions, government regulations, and recycling practices. This article explores the factors affecting the market and emphasizes the importance of monitoring them for stakeholders in the copper industry.

The global copper scrap market is projected to be valued at $42 billion in 2024, driven by factors such as increasing consumer awareness and the rising prevalence of industry-specific trends. The market is expected to grow at a CAGR of 6.2%, reaching approximately $75 billion by 2034.

The market rate of copper scrap is influenced by various factors, including global supply and demand dynamics, copper production, scrap availability, economic conditions, energy costs, transportation expenses, government regulations, and international trade policies. This article discusses how each of these factors impacts the market rate and provides insights for market participants to make informed decisions in the copper scrap market.

Recycled Copper Scrap Market Outlook

According to our latest research, the global recycled copper scrap market size reached USD 78.6 billion in 2024, demonstrating robust demand across key industries. The market is set to expand at a CAGR of 5.7% during the forecast period, with projections indicating a value of USD 130.2 billion by 2033. This steady growth trajectory is primarily fueled by heightened environmental awareness, stringent regulations on metal recycling, and the increasing adoption of sustainable materials in manufacturing and infrastructure. The market’s expansion is further supported by the rising need for copper in emerging technologies and the ongoing transition towards a circular economy.

A significant growth factor for the recycled copper scrap market is the escalating demand for copper in the construction and electrical sectors. As urbanization accelerates globally, particularly in developing economies, there is a surge in infrastructure projects requiring substantial amounts of copper for wiring, plumbing, and building materials. Simultaneously, the electrical and electronics industry continues to expand, with copper being a critical component in circuit boards, power cables, and electronic devices. The increasing focus on green building standards and energy-efficient systems further amplifies the demand for recycled copper, as it offers a sustainable alternative to newly mined copper, reducing both environmental impact and production costs.

Another pivotal driver is the growing regulatory emphasis on resource conservation and waste reduction. Governments across North America, Europe, and Asia Pacific are implementing stringent policies and incentives to promote metal recycling, including copper. These regulations not only encourage recycling practices but also support the development of advanced technologies for efficient copper recovery from scrap. The integration of automation and artificial intelligence in recycling facilities has significantly improved the quality and yield of recycled copper, making it more attractive for end-users. In addition, the increasing volatility of copper prices in the global market incentivizes manufacturers to secure a stable supply of recycled copper, reducing their dependence on primary sources and mitigating price fluctuations.

Technological advancements in copper recycling processes are also instrumental in propelling market growth. Innovations such as hydrometallurgical and pyrometallurgical techniques have enhanced the efficiency and environmental performance of copper recovery from various scrap sources. These advancements enable the recycling of complex copper-containing products, including electronic waste and end-of-life vehicles, thus broadening the spectrum of recyclable materials. The adoption of closed-loop recycling systems by major manufacturers further strengthens the market, as it ensures a consistent supply of high-quality recycled copper for use in new products. This trend aligns with the broader sustainability goals of numerous industries, driving the global adoption of recycled copper scrap.

From a regional perspective, Asia Pacific dominates the recycled copper scrap market, accounting for the largest share in 2024. The region’s strong industrial base, rapid urbanization, and significant investments in infrastructure development underpin this leadership. China, India, and Southeast Asian countries are at the forefront, supported by favorable government policies and a growing emphasis on sustainable resource management. North America and Europe also represent substantial markets, driven by advanced recycling infrastructure and stringent environmental regulations. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual growth, propelled by rising industrialization and increasing awareness of recycling benefits. This regional diversification ensures a balanced and resilient market outlook for the coming years.

Source Analysis

The source segment of the recycled copp

The global copper scrap market, valued at $74,140 million in 2025, is projected to experience robust growth, driven by the increasing demand for copper in various industries, particularly construction, electronics, and transportation. The compound annual growth rate (CAGR) of 4.3% from 2025 to 2033 indicates a significant expansion of the market over the forecast period. This growth is fueled by factors such as the rising adoption of sustainable practices, leading to increased recycling rates, and the growing global infrastructure development projects that require substantial amounts of copper. Furthermore, advancements in copper scrap processing technologies are enhancing efficiency and profitability within the industry, contributing to market expansion. However, fluctuations in copper prices and the availability of high-quality scrap metal pose challenges to consistent market growth. The competitive landscape comprises both large multinational corporations such as Aurubis and smaller regional players, resulting in a dynamic market characterized by mergers, acquisitions, and strategic partnerships. The market segmentation likely includes various grades of copper scrap (e.g., bare bright wire, insulated wire, brass, bronze) influencing pricing and demand patterns. Geographic variations in recycling infrastructure and government regulations also play a crucial role in shaping regional market dynamics. The major players in the market—Aurubis, Commercial Metals (CMC), SIMS Metal Management, European Metal Recycling (EMR), and others—are continuously investing in research and development and expanding their operations to capitalize on this growing market. The strategic focus on sustainable recycling practices and efficient processing technologies will be crucial for maintaining competitiveness. While challenges like fluctuating raw material prices and environmental regulations persist, the overall outlook for the copper scrap market remains positive, driven by the rising demand for copper and increasing focus on resource efficiency and circular economy principles. The forecast period will see significant growth particularly in developing economies experiencing rapid infrastructure development and industrialization. This presents opportunities for market participants who can adapt to changing regulatory environments and provide efficient and sustainable recycling solutions.

Copper fell to 5.45 USD/Lbs on July 14, 2025, down 1.52% from the previous day. Over the past month, Copper's price has risen 13.70%, and is up 20.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on July of 2025.

The global copper scrap market is projected to reach a value of $25.91 billion by 2033, exhibiting a CAGR of 6.16% during the forecast period (2025-2033). Copper scrap is a valuable commodity due to its high content of copper, which makes it a cost-effective alternative to virgin copper. The increasing demand for copper in industries such as construction, electronics, and automotive is driving the growth of the copper scrap market. The copper scrap market is segmented based on purity level, grade, source, application, and region. In terms of purity level, the high purity segment holds a significant share of the market due to the increasing demand for high-quality copper scrap in the electronics and automotive industries. By grade, the No. 1 copper scrap segment dominates the market, followed by No. 2 copper scrap and millberry copper scrap. Industrial scrap is the major source of copper scrap, primarily generated from manufacturing processes. The automotive industry is the largest end-use segment, followed by the construction industry and electrical & electronics industry. Geographically, Asia Pacific is the largest market for copper scrap, followed by North America and Europe. Recent developments include: The copper scrap market is projected to reach USD 44.4 billion by 2032, exhibiting a CAGR of 6.16% during the forecast period. Rising demand for copper in various industries, including construction, automotive, and electrical, is driving market growth. Moreover, increasing environmental concerns have led to a growing focus on recycling and scrap utilization, further propelling market expansion. In January 2023, Sims Metal Management announced plans to invest USD 20 million in its copper recycling facility in Ghent, Belgium, to enhance its processing capacity and sustainability efforts. In February 2023, Aurubis AG, a leading copper producer, announced a partnership with Umicore to develop innovative recycling technologies for copper scrap, aiming to reduce carbon emissions and improve resource efficiency. In March 2023, the International Copper Association (ICA) launched a new initiative to promote the use of recycled copper in construction, highlighting its environmental benefits and cost-effectiveness.. Key drivers for this market are: 1 Rising Demand from Construction2 Growing Electric Vehicle Production3 Technological Advancements in Recycling4 Increasing Environmental Consciousness5 Expansion of Scrap Metal Collection Infrastructure . Potential restraints include: Growing demand for copper in emerging economies Increasing environmental concerns Technological advancements in recycling processes Fluctuating prices of raw copper Stringent government regulations .

The article discusses the value and demand for copper in the scrap market. It explores factors that determine the price of copper scrap, such as global demand and supply, market conditions, and the grade and quality of the scrap. The article also emphasizes the importance of staying updated with current market rates and highlights the environmental and economic benefits of copper recycling.

Recent developments include: In August 2023, Hindalco Industries, an Indian aluminum and copper manufacturer, announced an investment of INR 2,000 crore (~USD 240.2 million) to set up a copper and e-waste recycling unit in India. This will give Hindalco Industries access to secure feedstock for its copper cathode plant. The plan will also be in alignment with government’s Waste to Wealth Initiative - i.e., it would help in value-adding to the economy by helping retain and process its e-waste, which is currently exported , In July 2023, Marex, a UK-based financial services company, acquired Global Metals Network (GMN), a recycled metals producer based in Hong Kong, for an undisclosed amount. This transaction is expected to benefit Marex by increasing customer reach, expanding its supplier network, and increasing revenue , In June 2023, Elemental Holding Group, a Luxembourg-based mining company and e-waste recycler, acquired Colt Recycling LLC, a UK-based e-waste recycler having facilities in New Hampshire, UK, and North Carolina, U.S. for an undisclosed amount. This will help the former in expanding its geographical footprint .

Global Copper Scrap market size 2025 was XX Million. Copper Scrap Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Copper Scrap Market Outlook 2032

The global copper scrap market size was USD 59.54 billion in 2023 and is likely to reach USD 128.83 billion by 2032, expanding at a CAGR of 8.6% during 2024–2032. The market growth is attributed to the high demand for copper in various industries across the globe.



Increasing demand for copper in various industries is driving the copper scrap market. The market is witnessing a surge due to the rising need for a sustainable and efficient solution for copper supply. Copper scrap, an efficient alternative to copper mining, is a key raw material in the production of copper-based products. It plays a significant role in fulfilling the increasing demand for copper, especially in sectors such as construction, electrical and electronics, and transportation.

Impact of Artificial Intelligence (AI) in Copper Scrap Market

The use of artificial intelligence is likely to boost the copper scrap market. AI-powered robots sort and separate copper scrap from mixed waste more accurately and rapidly than human workers, thereby increasing the volume of recyclable material recovered. Additionally, AI predicts market trends and demand patterns, enabling businesses to optimize their operations and reduce waste. Machine learning algorithms, a subset of AI, analyze vast amounts of data to identify patterns and trends that humans might overlook. This capability allows businesses to forecast demand for recycled copper accurately, leading to efficient production planning and inventory management.



AI improves the quality control process in the recycling industry. AI-powered inspection systems detect and remove impurities from recycled copper more effectively than traditional methods, ensuring a high-quality end product. Therefore, the integration of AI in the recycling industry is increasing the efficiency of the recycling process and enhancing the quality of recycled copper, thereby positively impacting the market.

Copper Scrap Market Dynamics

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Copper Scrap Sales Market Outlook

The global copper scrap sales market size was valued at USD 34.8 billion in 2023 and is projected to reach USD 52.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market is driven by increasing demand for sustainable and eco-friendly materials, coupled with the rising utilization of copper across various industries such as construction, automotive, and electronics.

One of the primary growth factors propelling the copper scrap sales market is the rising emphasis on recycling and sustainability. As industries and governments worldwide pivot towards reducing carbon footprints and conserving natural resources, the recycling of copper scrap has gained substantial traction. Copper, being 100% recyclable without any loss of quality, stands as a crucial material in the circular economy. This recyclability not only conserves natural copper resources but also consumes significantly less energy compared to the extraction and processing of virgin copper, thereby reducing greenhouse gas emissions.

The rapid industrialization and urbanization, particularly in developing regions, are also significant drivers of market growth. Countries in Asia Pacific, such as China and India, are experiencing a surge in construction activities and infrastructure development, which in turn boosts the demand for copper. The automotive industry is another key sector that heavily relies on copper for manufacturing various components, including electrical systems and wires. As the production of electric vehicles (EVs) escalates, the demand for copper and its recycling is expected to soar, further augmenting the copper scrap sales market.

Advancements in technology and recycling processes are playing a critical role in the market's expansion. Enhanced methods for sorting and processing scrap copper have improved the efficiency and quality of recycled copper. Innovations such as automated sorting systems and advanced shredding techniques have minimized contamination and maximized recovery rates. These technological improvements not only reduce the operational costs associated with recycling but also make it more economically viable and attractive for businesses, thereby fueling market growth.

In the context of these technological advancements, the Copper Wire Granulator has emerged as a pivotal tool in the recycling industry. This equipment is specifically designed to process scrap copper wires and cables, efficiently separating the copper from the insulation. By utilizing a Copper Wire Granulator, recyclers can significantly enhance the purity and quality of the recovered copper, making it more valuable for resale and reuse. The granulator's ability to handle various types of copper wire, including insulated and non-insulated, makes it a versatile solution for recycling operations. As the demand for high-quality recycled copper continues to rise, the adoption of such advanced machinery is expected to increase, supporting the overall growth of the copper scrap sales market.

Regionally, the copper scrap sales market exhibits diverse dynamics. North America and Europe are mature markets with well-established recycling infrastructures and stringent environmental regulations that promote the use of recycled materials. In contrast, Asia Pacific is emerging as a lucrative market due to rapid industrial growth and infrastructural development. The region's large-scale manufacturing activities and increasing awareness about sustainability are expected to drive significant market growth. Latin America and the Middle East & Africa, although smaller markets, are gradually catching up as they develop their recycling capabilities and industrial sectors.

Bare Bright Copper Analysis

Bare bright copper, often referred to as "bright and shiny" copper, is one of the highest-grade copper scraps available. It comprises clean, unalloyed, uncoated, and uninsulated copper wire and cables, typically stripped from electrical wiring. This segment is highly valued in the market due to its high purity and excellent conductive properties, making it a preferred choice for industries requiring high-quality copper. The demand for bare bright copper is particularly strong in the electrical and electronics industries, where superior conductivity is essential.

The market for bare bright copper is driven by its extensive use in electrical appl

The global copper scrap market, valued at $74,140 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing demand for copper in various industries, particularly construction, electronics, and renewable energy (e.g., electric vehicles and solar panels), fuels a significant need for recycled copper. The rising adoption of sustainable practices and stricter environmental regulations globally incentivize the use of recycled materials, further boosting the copper scrap market. Furthermore, technological advancements in copper scrap processing and refining enhance efficiency and reduce costs, making recycled copper a more competitive option compared to virgin copper. However, fluctuations in copper prices and the availability of high-quality scrap metal represent potential challenges to market growth. The competitive landscape comprises both established players like Aurubis, CMC, and EMR, and smaller regional players, indicating a market with potential for both consolidation and innovation. The consistent growth trajectory is expected to continue throughout the forecast period, driven by ongoing infrastructure development globally, the expanding electronics sector, and the sustained commitment to circular economy principles. Growth is anticipated to be particularly strong in regions experiencing rapid industrialization and urbanization. Strategic partnerships between scrap metal processors and downstream manufacturers, as well as investments in advanced recycling technologies, are further catalyzing market expansion. While supply chain disruptions and geopolitical uncertainties could present temporary setbacks, the long-term outlook remains positive, suggesting a considerable market opportunity for existing and emerging players in the copper scrap industry.

Check out Market Research Intellect's Copper Scrap Market Report, valued at USD 45.3 billion in 2024, with a projected growth to USD 67.8 billion by 2033 at a CAGR of 5.8% (2026-2033).

The global copper scrap market is projected to reach $97,640 million by 2033, exhibiting a CAGR of XX% during the forecast period from 2025 to 2033. The market growth is primarily driven by the rising demand for copper in various end-use industries, such as transportation, construction, and electrical and electronics, and the increasing adoption of sustainable practices in waste management. Moreover, government initiatives and regulations promoting recycling and waste reduction are further fueling the growth of the copper scrap market. The market is segmented based on type (copper, copper alloys), application (transportation, construction, electrical and electronics, industrial machinery, others), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). The copper type segment is expected to dominate the market due to its wide application across various industries, including electrical and electronics, automotive, and construction. The transportation sector is anticipated to be the largest application segment, driven by the increasing demand for electric vehicles and the use of copper in wiring, connectors, and other components. The Asia Pacific region is projected to hold the largest market share, owing to the presence of major copper-consuming countries such as China and India, and the growing demand for copper in the region's rapidly developing economies.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

The price of electrical copper wire scrap is subject to fluctuation and varies depending on several factors such as purity, volume, market demand, insulation quality, and economic conditions. This article discusses how copper prices are quoted, the impact of commodity market trends, and the factors affecting copper scrap prices. It also provides tips on obtaining accurate and up-to-date pricing for electrical copper wire scrap.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: No. 2 Copper Scrap, Including Wire (WPU10230102) from Dec 1986 to May 2025 about copper, wired, metals, commodities, PPI, inflation, price index, indexes, price, and USA.