Understanding Aluminium Scrap Price Per Kg in South Africa, Johannesburg, Pretoria, Cape Town, Durban: Full Detailed Guide!
Is the fluctuating aluminium scrap price per kg making you wonder about its future? Currently, aluminium scrap prices are highly influenced by global demand and supply dynamics. Our comprehensive guide will help you understand these trends and their impact on your recycling efforts.
Keep reading to stay informed!
Learn More about Scrap Metal Prices.
Overview of Current Aluminium Scrap Prices
Aluminium scrap prices are fluctuating across various regions. These changes impact manufacturers and recyclers alike, making market analysis essential.
Price per kilogramme in South Africa
In South Africa, the current price for aluminium is R9.91 per kg as of 2024-06-18. Aluminium turnings fetch about R4.95 per kg. For aluminium cables with copper, the rate stands at R13.21 per kg.
The cost varies significantly based on type and purity. Regular aluminium can reach up to R44.20 per kg, while aluminium alloy is priced at approximately R40.01 per kg. This differentiation influences scrap dealers and recyclers across regions like Cape Town and Johannesburg when setting rates in their yards.
| Aluminium Prices per KG | Average Cost |
|---|---|
General Aluminium Scrap | |
| Aluminium | R42.39 to R45.24 per kilogram |
| Aluminium Alloy | R32.13 to R40.19 per kilogram |
Types of Aluminium Scrap | |
| Aluminium Cans | |
| Clean Aluminium Cans | R22.62 per kilogram |
| Dirty Aluminium Cans | R11.31 per kilogram |
| Each Aluminium Can | R0.83 to R1.67 per kilogram |
| Aluminium Foil | Price varies based on cleanliness |
| Aluminium Sheet Scrap (General) | R29.41 to R31.22 per kilogram |
| Aluminium Turnings | R18.10 per kilogram |
| Aluminium Wheels | |
| Aluminium Castings | R29.86 per kilogram |
| Aluminium Siding (Painted) | R28.95 per kilogram |
| Mixed Aluminium Scrap | Prices vary based on specific grades and contamination. |
| Aluminium Radiators | |
| General Aluminium Radiators | R17.64 per kilogram |
| Fe Radiators | R13.12 per kilogram |
| Cu Radiators | R73.29 per kilogram |
| Cu/Fe Radiators | R67.86 per kilogram |
| Aluminium 6061 Extrusions | R27.60 per kilogram |
| Aluminium 6063 Extrusions | R36.64 per kilogram |
| Litho Sheets | R31.22 per kilogram |
| Grades of Aluminium Scrap | |
| Grade 1100 | R31.22 per kilogram |
| Grade 3003 | R31.22 per kilogram |
| Grade 5052 Scrap | R42.07 per kilogram |
| Grade 6061 Extrusions | R27.60 per kilogram |
| Grade 6063 Extrusions | R36.64 per kilogram |
| Grade 356 Wheels | |
| Clean Grade 365 Wheels | R31.22 per kilogram |
| Dirty Grade 365 Wheels | R22.17 per kilogram |
Additional Aluminium Scrap Categories | |
| Transformers | R7.69 per kilogram |
| Breakage 50% Recovery | R9.95 per kilogram |
| Chrome Wheels | R29.41 per kilogram |
| E.C. Wire | R48.41 per kilogram |
| Mixed Turnings | R18.10 per kilogram |
| MLC Clips | R30.76 per kilogram |
| Aluminium Old Cast | R29.86 per kilogram |
| Aluminium Old Sheet | R29.41 per kilogram |
| Painted Siding | R28.95 per kilogram |
| UBC (Used Beverage Cans) | R30.76 per kilogram |
| Zorba 90% NF | R29.41 per kilogram |
International scrap aluminium prices
International scrap aluminium prices show significant variation across different countries. In the USA, the price of scrap aluminium can range from $0.80 to $1.00 per kilogramme depending on market conditions and regional demand.
Australia’s prices hover around AUD 2.30 per kilogramme due to higher recycling rates and export demands.
European nations like France and Germany have competitive pricing, with rates averaging €1.10 to €1.20 per kilogramme driven by strong industrial activity and efficient recycling systems.
Global variations in aluminium scrap prices highlight the influence of local economic policies and international trade dynamics.
In Canada, average prices are CAD 1.50 per kilogramme influenced by effective supply chain protocols for non ferrous metals such as precious metals which include palladium, titanium, copper among others.
The UK’s market reflects similar trends with averages around £0.90 – £1 per kilogramme based on fluctuations in mining outputs and recycled materials procurement strategies.
Factors Influencing Aluminium Scrap Prices
Global demand and supply greatly affect aluminium scrap prices. Changes in the recycling industry also play a significant role.
Global demand and supply dynamics
Aluminium scrap prices per kg are influenced by varying global demand and supply dynamics. Increased economic prosperity has led to higher consumer spending, boosting the need for electronics, automotive parts, and construction materials made from aluminium.
The manufacturing sector in China plays a massive role in this surge as it demands more raw materials to fuel its industries.
Supply constraints also affect aluminium scrap prices. Disruptions in mining operations, logistical challenges, and trade policies can limit the availability of raw aluminium. For instance, stricter environmental regulations can reduce the number of suppliers willing to process scrap metals due to increased costs.
Consequently, these factors together create a volatile market where any shift in either demand or supply quickly impacts pricing.
Changes in the recycling industry
Scrap yards are multiplying to meet growing market demands. This rise helps manage increasing piles of waste and reduces the need for mining and landfills. Recycling centres now handle more scrap metals, including aluminium, copper, iron, and zinc.
Technological advancements speed up sorting processes at recycling plants. Automated systems separate ferrous from non-ferrous metals efficiently. These changes enhance metal recovery rates and contribute to a greener economy.
Recycling is no longer just an option; it’s a necessity.
Economic policies affecting scrap metal trade
Governments shape the scrap metal trade through various economic policies. Tariffs on imported metals can cause domestic prices to rise. This encourages local recycling and increases the aluminium price per kg in South Africa.
Subsidies for renewable energy technologies also impact scrap markets by boosting demand for recycled materials.
Financial incentives play a crucial role, too. Tax credits for recycling can drive more individuals and companies to recycle metals like scrap iron and copper. Cities with high tax benefits often see a surge in metal collection rates, impacting provincial variations in prices.
These policies aim to reduce carbon emissions while promoting sustainable practices within the industry.
Comparing Aluminium with Other Scrap Metals
Aluminium scrap prices differ significantly from other metals. Copper often fetches higher prices due to its extensive use in electronics and plumbing.
Price of scrap copper
Scrap copper prices vary across different regions in South Africa. Bright Copper Wire fetches R62.74 per kg while Heavy Copper goes for R56.14 per kg. In Johannesburg, the price stands at R50 per kg; Cape Town offers it at R48 per kg, and Ethekwini/Durban lists it at R39 per kg.
Copper’s international price is substantially higher, sitting at approximately R173.10 per kg due to global demand dynamics and economic policies affecting trade. This disparity highlights the local market’s factors like logistics and supply chain management affecting regional pricing.
Global demand significantly impacts the fluctuations in scrap copper prices.
Price of scrap iron
The price of scrap iron varies across South Africa. In Johannesburg, the rate is R5 per kilogramme. Cape Town offers a higher rate at R8 per kilogramme. Cast iron and steel are less valuable, fetching only R0.99 per kilogramme.
Internationally, prices depend on market trends and economic policies affecting trade. Factors like global demand, supply chain issues, and changes in commodity markets play a significant role in setting these rates.
This brings us to comparing aluminium with other scrap metals…
Price of scrap zinc
Zinc fetches R50.35 per kilogramme in the current scrap metal market. This robust demand stems from its vital use in fishing weights and corrosion protection items. Zinc’s role as a key material in preventing rust makes it highly valuable, especially for manufacturing bolts and nuts.
Cities with large industries such as Johannesburg see higher turnover rates for zinc scraps due to intense industrial activities. Meanwhile, smaller areas may witness lower trading volumes but still retain competitive pricing thanks to stable global demand dynamics.
Moving on from zinc, let’s compare it with other scrap metals like copper and iron.
Regional Variations in Scrap Metal Prices
Scrap metal prices can vary significantly by city and province, influenced by local economic conditions and demand.
Prices by city
Johannesburg offers scrap aluminium for R15 per kilogramme, while scrap steel sells at R33 per kilogramme. Scrap lead in this city costs R63 per kilogramme. On the other hand, Cape Town provides slightly lower prices: R12 per kilogramme for aluminium and R31 per kilogramme for steel.
Here, scrap lead is priced at R61 per kilogramme.
In Ethekwini/Durban, copper holds a value of R39 per kilogramme. These regional variations highlight differences due to local demand and supply dynamics, transportation costs, and economic policies affecting each area uniquely.
This makes it important to stay updated on city-specific market research when trading or recycling materials like ferrous and non-ferrous metals.
Prices by province
Different provinces in South Africa show varying prices for aluminium scrap. In Gauteng, collectors might get around 20 ZAR per kilogramme due to higher demand and better recycling facilities.
Western Cape sees slightly lower rates at about 18 ZAR per kilogramme.
KwaZulu-Natal often offers competitive pricing too, influenced by the local economy and availability of scrap yards specialising in different materials. These regional differences present opportunities for savvy collectors who can navigate between areas to maximise profits depending on supply-demand dynamics.
Moving from prices by province leads us to examine future trends in aluminium scrap prices based on industry analysis.
Future Trends in Aluminium Scrap Prices
The aluminium scrap market may see higher prices due to strong demand in manufacturing and construction. The growth in electric vehicle production is also expected to boost the need for recycled aluminium.
Advanced technologies and automation could reduce recycling costs, impacting future price trends. Market strategies are evolving, with businesses focusing on energy efficiency and sustainability.
Global economic factors like China’s economy and inflation rates will continue to play a crucial role in shaping prices.
Read more here to stay updated on these developments!
Predictions based on industry analysis
Analysts anticipate a steady increase in aluminium scrap prices due to strong economic growth. Global demand and supply dynamics play a major role in this trend. As industries recover from the COVID-19 pandemic, the need for recycled metals like aluminium will rise.
This surge boosts the value of scrap materials across markets.
Economic policies also affect future trends in aluminium prices. Trade regulations and sustainability initiatives influence market strategies and competitiveness. Innovations in recycling could further impact pricing structures.
These changes highlight the evolving nature of global trade and its effect on commodity markets such as aluminium scrap.
Conclusion
**Future Trends in Aluminium Scrap Prices**
Economic growth drives the aluminium scrap market. Analysts expect rising global demand to push prices higher. Improved recycling methods and new technologies will also influence trends.
Economic policies in major economies like China impact international markets significantly. Environmental concerns might lead to stricter regulations, affecting supply chains and costs.
FAQs
1. What factors influence aluminium scrap prices?
Aluminium scrap prices are influenced by market competition, global economy trends, and oil prices. Changes in China’s economy and the London Metal Exchange also play a role.
2. How does climate change affect the aluminium scrap market?
Climate change impacts the aluminium scrap market by affecting mining processes and polluting ecosystems. It can also alter energy sources used in manufacturing.
3. What is the importance of corporate social responsibility (CSR) in this industry?
Corporate social responsibility helps companies manage risks related to environmental impacts like carbon emissions in China. CSR practices improve consumer awareness and satisfaction.
4. How do new technologies impact aluminium scrap prices?
New technologies like artificial intelligence (AI) and the Internet of Things (IoT) help with data analytics and forecasting future trends, which can stabilise or disrupt pricing strategies.
5. Why is it important to monitor globalisation effects on aluminium scrap prices?
Globalisation affects supply chains, distribution methods, and inventory levels for ferrous and non-ferrous metals globally, impacting overall price stability.
6. Can online shopping influence demand for recycled materials like aluminium scraps?
Yes! Online shopping shifts consumer preferences towards products made from renewable sources, increasing demand for recycled materials such as stainless steel cans.
