Scrap prices in Canada 2025
Latest Scrap Metal Prices in Canada - 2025
As of 2025, the scrap metal market in Canada continues to experience fluctuation influenced by global demand, economic conditions, and local market dynamics. Understanding the current prices is essential for businesses and individuals looking to trade scrap metals, whether for manufacturing, recycling, or personal gains.
Overview of Current Scrap Metal Prices
Aluminum: The price of scrap aluminum has hovered around $1.45 to $1.60 per kilogram. This price reflects a stable demand from the automotive and construction sectors, where aluminum's lightweight and corrosion-resistant properties are increasingly valued.
Copper: Copper remains one of the most sought-after metals in the recycling market. As of May 2025, scrap copper prices range from $4.00 to $4.50 per kilogram. Driven by its use in electrical wiring and plumbing, the sustained demand for copper suggests that these prices will likely remain strong in the near future.
Steel: Similar to aluminum, the price of scrap steel has shown stability, with current rates around $0.25 to $0.35 per kilogram. The construction boom and ongoing infrastructure projects in Canada contribute significantly to the demand for recycled steel.
Brass: Scrap brass prices have been reported between $4.00 and $5.00 per kilogram. The diverse applications of brass, particularly in plumbing fixtures and musical instruments, maintain a consistent demand, allowing prices to remain competitive.
Lead: Lead scrap prices are currently at approximately $1.80 to $2.00 per kilogram. Although demand for lead has declined due to stricter regulations on its use, its presence in batteries and certain peacekeeping and industrial applications continues to sustain its market.
Zinc: Zinc scrap prices are fluctuating between $1.20 and $1.40 per kilogram. The ongoing use of zinc in galvanisation and as an alloying agent keeps its demand alive, although prices may see small swings.
Market Influencers
Several factors are influencing the current scrap metal prices in Canada:
Global Economic Conditions: Economic recovery in major markets, particularly in Asia, leads to increased demand for scrap metals, pushing prices up.
Environmental Regulations: Stricter regulations around mining and manufacturing encourage the recycling of metals and increase the value of scrap, as industries aim to reduce their carbon footprint.
Technological Advances: Innovations in recycling technologies improve recovery rates and lower processing costs, thereby influencing the market dynamics and pricing structures.
Supply Chain Challenges: Issues such as shipping delays and raw material shortages can create tighter market conditions, resulting in price fluctuations.
Conclusion
The scrap metal market in Canada is likely to remain dynamic throughout 2025. With demand driven by both traditional industries and emerging technologies that favour recycling, prices will continue to evolve. For those engaging in scrap metal sales or purchases, staying updated on these trends is crucial. Whether you’re a business looking to dispose of scrap or a homeowner with unused metal, now is a good time to consider the current market prices as you decide on your next steps.
