All-American Scrap Metal

Service from Start to Finish

All-American Scrap Metal is a credible Non-Ferrous Scrap Metal purchasing and pick up company.  Customer satisfaction is always our top priority. When you call us we will work our schedule to the best of our ability to get ourselves there at the time that you desire. Once given a time, you can rely on us being there precisely within the scheduled time.

Our trucks are equipped with dependable and accurate industrial scales so we insure you that you will be paid for every pound. Try us once and you will see what all the hype is about.

Copper prices are a leading indicator of global economic activity. That is because of its use. It is used in automobiles,  plumbing pipes and for many electrical purposes. Demand for these items go up in times of economic growth, where there is an increase in wages/employement, investment and consumption, which drives up the price for copper. Due to coppers durability it does not have to be replaced very often which means if there is no growth, demand goes down sharply. This makes copper very sensitive to the business cycles of the economy. Copper gets clobbered during economic contraction where there is a decrease in wages/employement, investment and consumption.

Other Key Determents of Copper Prices

The Health Of Banks (Most people borrow money when it comes to realestate developement and purchasing a automobile).

Interest Rates ( When borrowing money interest becomes a cost of your purchase, lower interest rates can increase demand because it lowers cost, if all things remain equal).

Currency Value ( A high USD makes domestic copper more expensive for foreigners a low Usd makes it cheaper, if all things remain equal).

Warehousing Cost.

Oil Prices.

Margin Requirments for investors.

Labor disputes.

Politics

With all that being said how can copper change in value day by day?

Well copper is traded on many major futures exchanges. The participants on these exchanges are usualy hedgers (businesses looking to protect themselves from price fluctuations) and speculators (investors looking to gain on price fluctuations). What is traded on these exchanges are future contracts which are a contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity at a pre-determined price in the future. These contracts are almost always settled in cash and not physically performed. However the markets are said to be efficient and that prices reflect all the conditions of the commodity, that is why exchanges such as the london metals exchange are used as a price discoverer.

Businesses are always making deals today to be performed at a future date. However there can be uncertainty of which direction prices can go. Which once again is why exchanges are used as a price discoverer. Businesses need to know what is a suitable price to agree on now to sell or buy in the future. The futures exchanges are used as an indication. But because of its highly liquid market speculators can make copper very volatile during uncertain times.

All enterprises within the non-ferrous scrap metal business are price takers not makers.However, you can rest assured that with All-American Scrap Metal as market prices go up you will see the appreciation within our prices and as market prices go down we will try to mitigate the decreases to the best of our ability and we can do so by our ability to control cost.