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Copper Scrap: The Reigning Champion of the Global Scrap Metal Trade

Did you know that copper is the third most used metal globally? This is due to its excellent conductivity, corrosion resistance, and a range of industrial applications. The world needs around 28 million tons of copper annually. According to a report by IRENA (International Renewable Energy Agency), as the green energy movement evolves, the demand for this non-ferrous base metal is expected to grow by 275% by 2050. The truth is, traditional mining alone will not be enough to meet this rising demand. And therefore, to fulfill this need while protecting the environment and supporting the economy, copper recycling is the need of the hour. There are multiple benefits of recycling copper, for example, it reduces greenhouse gas emissions by up to 65%, preventing around 4 tons of CO2 from entering the atmosphere. 

Not only does copper scrap recycling reduce harmful waste emissions, but it also saves electricity to a great extent. Recycled copper requires 85% less energy than primary production, and the best part is that it retains nearly 100% of its original properties. Moreover, since scrap copper is highly recyclable, it is a valuable asset in metal waste streams and a profitable trade commodity. From copper wire scrap buyers to industrial copper scrap importers, global procurement trends show heavy reliance on recycled copper, which presents a productive opportunity for suppliers and exporters.



Why Copper Scrap Dominates the Global Recycling Market

The trade in copper scrap metal has seen steady and growing demand, especially in manufacturing-heavy regions (such as Southeast Asia, Europe, and North America). The renewable energy and electric vehicle (EV) industries are major drivers of this demand, further elevating the value of copper scrap. Undoubtedly, recycling copper is an eco-conscious, energy-efficient, and cost-effective alternative to mining new copper. Yes, recycling copper is way cheaper than mining and refining new copper.  It also helps conserve natural resources, reduce environmental impact, and divert copper waste from landfills. These benefits make scrap metal copper a favourable commodity under modern sustainability frameworks. In addition, we already know that copper scrap is known for its range of industrial applications, from solar panels, electric vehicles, to energy storage systems. Major economies like India, China, the U.S., Vietnam, and Germany rely heavily on scrap copper for the production of pipes, cables, electronics, and machinery.



Where Do Suppliers or Exporters Source Copper Scrap From?

Suppliers usually procure copper scrap through the following key sources:

Source TypeDescriptionCommon Examples
Post-Consumer ScrapDiscarded products after consumer useOld appliances, plumbing pipes, wiring, electronics, vehicles
Post-Industrial ScrapGenerated during manufacturing or fabricationPunchings, turnings, off-cuts from copper product production
Construction & DemolitionCopper recovered from building sitesElectrical wiring, piping, roofing materials
Electrical & ElectronicsUsed or outdated electrical equipmentMotors, transformers, circuit boards, cables
Automotive IndustryCopper components from end-of-life vehiclesWiring harnesses, starters, alternators, radiators
Energy SectorScrap from power infrastructure and renewablesWind turbines, solar panels, switchgear, transformers
TelecommunicationsObsolete or decommissioned communication systemsPhone lines, coaxial cables, network wiring
Industrial MachineryOutdated or broken machines with copper partsMotors, generators, control systems
Household WasteEveryday items with copper contentAir conditioners, refrigerators, microwaves



Which Types of Copper Scrap are Most Commonly Traded?

Here are the most commonly traded types of copper scrap:

Type of Copper ScrapGrade/NameDescription
Bare Bright Copper#1 CopperClean, uncoated, unalloyed copper wire = 1/16 inch thick

No insulation
#1 CopperNo. 1 CopperClean, uncoated, unalloyed copper solids (not wire)

Free of attachments
#2 CopperNo. 2 CopperCopper with oxidation, solder, or coatings

May contain some insulation
Insulated Copper WireICW (various grades)Copper wire with plastic or rubber insulation
Light CopperSheet CopperThin copper sheets or cladding

May be painted or lightly corroded
Copper RadiatorsRadiator ScrapCopper cores from radiators

Often mixed with brass or solder
Copper TurningsIndustrial TurningsShavings and small fragments from machining copper parts
Mixed Copper ScrapMixed GradeCombination of different copper types

May include brass or other metals
Copper AlloysBrass, Bronze, etc.Copper mixed with other metals (e.g., zinc, tin)



Important Note:

  • Copper Millberry Scrap (the highest quality copper scrap) is the international trade term for Bare Bright Copper. It's a clean, uncoated, high-purity copper wire (99.9%) commonly sourced from electrical wiring.

  • There are many factors that affect the value of copper scrap, such as the copper content and the presence of insulation, oxidation, solder, or other contaminants, which can lower its value. Thus, it is always better to remove the insulation to maximize copper recovery and keep copper scrap clean. 

  • Higher purity copper has a better price. Also, market prices can change depending on the market and may differ from one scrap yard to another.

  • It is important to separate or sort copper scrap into different grades to get the highest value for each. Mixed loads usually get lower payouts at scrap yards due to the extra sorting required. 

  • For grade purity and alloy identification, suppliers should avoid mixing the scrap with low-value metals like Zinc and Aluminium. 


Many copper scrap metal buyers look for other related categories for bulk buying, creating an opportunity for suppliers and exporters to cross-sell across non-ferrous and ferrous metal scrap segments. You can diversify your offerings into the following categories:



Copper Scrap Market Overview: Global Trade Insights for Export & Import

The following copper scrap market insights are essential for exporters to identify key opportunities and make informed, data-driven decisions for their export business growth.


Global Copper Scrap Market Size:

MetricValue
Market Size (2023)USD 65,088.3 million
Projected Market Size (2030)USD 105.90 billion
CAGR (2024-2030)8.60%
Largest Market (2023)Asia Pacific
Copper Scrap HSN Code740400

Source: Grand View Research


Top Copper Scrap Importers Worldwide (2024):

Country NameTotal Shipments
India55,926
Vietnam47,067
South Korea8,045
China7,899
Japan7,191

Source: Volza


Global Scrap Copper Prices: 

  • It is important to note that copper scrap reached its highest price in 2025.
  • As of July 2025, the average global price of copper scrap is approx. €7,210 per metric ton (around US?$8,800), according to MetalLoop.



How to Find Verified Copper Scrap Buyers Near Me or Globally?

Here are the best methods to find your potential scrap copper buyers.

  • You can easily find and connect with verified copper scrap buyers through B2B platforms, such as go4WorldBusiness.

  • There is no better way than attending scrap metal expos and trade shows (such as Metal Recycling Conferences, Scrap Expo, or International Trade Fairs) to meet your potential copper scrap importers face-to-face. 

  • You can opt for memberships with scrap associations (such as ISRI or BIR) to access global directories of copper scrap metal buyers.

  • Working with experienced agents who specialize in the metal scrap trade can also help you find pre-verified buyers, especially in regions like the Middle East, Europe, and Southeast Asia.                                                                                               



Frequently Asked Questions (FAQs):

1. What is the price of 1 kg copper scrap?

The copper scrap price per kg can range from ?400 to ?900, depending on various factors such as grade, scrap type, region, etc. 


2. Is copper scrap export business profitable?

Yes, the copper scrap export business is highly profitable, especially when dealing in high-grade materials (like Bare Bright or Millberry copper). Copper has a strong global demand due to its range of applications in electrical, construction, and green energy sectors. 


3. Who are the major buyers of copper scrap?

India, Vietnam, and South Korea are the biggest copper scrap buyers. 


4. Is copper the most valuable scrap metal?

Yes, copper is one of the most valuable non-ferrous scrap metals. Among commonly recycled metals, copper commands the highest prices per ton, followed by brass, aluminium, and stainless steel. 


5. What are some common types of copper scrap?

Here are some common types of copper scrap:

  • Bare Bright 
  • #1 Copper
  • #2 Copper
  • Insulated Copper Wire (ICW)
  • Copper Turnings
  • Mixed Copper Scrap


6. What are the major copper scrap export destinations from India?

The major copper scrap export destinations from India include China, South Korea, the UAE, Japan, and Germany. 


7. What is the HSN code for copper scrap?

The copper scrap HSN code is 740400.


8. Where can I find buyers for copper scrap export?

You can find verified buyers through the following channels:

  • B2B marketplaces (like go4WorldBusiness)
  • Industry directories (ISRI, BIR, MRAI)
  • Trade fairs and expos
  • LinkedIn networking


9. Which country is best for copper scrap?

The United States is considered one of the leading exporters of copper scrap. However, identifying the 'best' country depends on several factors, such as scrap quality, export regulations, tariff structures, and logistics and shipping costs.


10. What are major uses of copper scrap?

Copper scrap is used in:

  • Electrical wiring and cabling
  • Automotive parts (especially in EVs)
  • Renewable energy systems (solar panels, wind turbines)
  • Plumbing and HVAC systems
  • Electronics and circuit boards
  • Industrial machinery and motors



Latest News Related to Copper Scrap Global Trade:

Global copper scrap markets face rising pressure in 2025 due to supply shortages and new export tariffs affecting global trade. (Full Story: DISCOVERY ALERT)