Buy bulk Copper wire scrap

We will be looking at how you can buy bulk copper wire scrap from anywhere in the world. There’s a global shortage for copper worldwide amidst growing electrical industry. Companies are doing everything possible to secure reliable sources for copper. The shortage has led to price increases with a pound of copper wire scrap going for as high as $10 in some countries.

With AI taking over industries, the demand for copper is becoming increasingly evident. BHP, the world’s largest mining company, has warned that AI’s growth and clean energy transition could aggravate an already looming copper shortage. With copper’s critical role in powering data centers, EVs, and renewable energy systems, the metal’s future availability is a growing global concern.

Africa has always been a major source of copper for the western countries but the war in Zambia and Congo are making exploitation difficult. This has led to a significant shortage of copper cathode and copper ore in the continent. However, they still have a large stock of copper wire crap. The continent imports all its finished copper products and have no recycling facilities hence everything that is produced from cathode to copper scrap is exported.

There are many exporters of copper wire scrap in Africa and most sell a pound for as low as $1.24. The scrap metal collected has very little use in the continent and most for exported to make money. Copper scrap is a very big and important business in Africa. It has fed millions and continue to pay the bills of many families. We created this platform to facilitate exportation of the scrap metal. Our services include bringing together suppliers and buyers for smooth trading. We have also made it our business to expose scammers and ensuring genuine business people trade without losing money.

Price of Copper wire scrap

Copper prices saw a 15% drop enthusiasts are attributing it to China’s low demand. They are the largest consumer of copper and a low demand dropped the price to $9,207 per ton. Media report says concerns about China’s property sector and slower-than-expected economic growth have contributed to this decline. This is for a short time though as demand is expected to increase in the future.

With the decrease in price, many are now stockpiling cheap copper scrap from Africa. Upon reselling, they make more than a 40% profit. It is no news that Africa is the largest exporter of copper scrap and this is largely due to the fact that they do not recycle. Once scrap is collected, they simply export to China, Europe and North America.

At the moment, Africa sells copper scrap for $2,500 to $3,500 per ton as compared to $9,207 on the world market. If you are looking to buy copper scrap then Africa is where you want to look at. The only problem is getting in contact with a reliable supplier who will be able to meet your annual or monthly demands. If you are looking to buy bulk copper wire scrap at very good rates, send us an inquiry.

How to buy

We receive many inquiries from people looking to buy bulk Copper wire scrap and they want us to give them the list of the legit suppliers. Our job has been 100% successful but not all succeeded. The problem most times is the payment method. Most buyers want to pay using LC which is not acceptable by most suppliers.

Copper is a very popular product and not short of ready buyers. It is very difficult to find someone who will give out their goods on LC(Letter of Credit) bases. They have workers and taxes to pay hence will not tie their goods up for months without receiving an advance. This is logical and we do not think first transactions can be done using LC. However, we understand the buyers are trying to protect themselves from fraud.

To avoid this problem, it is always advisable to visit the suppliers warehouse in Africa. In this way you meet them in person and can conduct good business. We have helped many acquire copper scrap this way.

This website was created to help buyers avoid fraud and we do this by exposing the scammers. We have listed more than 100 different scammers on our website and exposed how they operate. The information has gone a long way to help many buy copper wire scrap and avoid scams.

Note: To buy Copper wire scrap, all you have to do is send us an email and we will reply with the list of suppliers you can trust. For a safe business, always travel and meet the supplier.