Latest Copper Scrap Prices in Canada [In 2026]
Copper is a versatile and valuable metal in the Canadian recycling industry, as well as globally. Its wide-ranging applications, including excellent conductivity and durability, make it one of the key highly sought-after scrap metals across various sectors, such as construction, manufacturing, and technology. Due to its high demand, many individuals and businesses from various sectors constantly look for affordable copper sources, which is where scrap copper comes in. Whether you’re selling or buying, staying informed about current copper scrap prices and market trends is important for everyone involved.
In this guide by Schmidt’s Auto Recycling, we will explore the current trends, rates, and future outlook of the scrap copper market.
Current Copper Scrap Prices
In 2026, the scrap copper prices range between USD2.50 and USD8.08 per pound across Canada. However, the rates can vary depending on various factors, such as the grade and condition of the copper, among others.
| Material | Price (USD/LB) |
|---|---|
| #1 Copper Bare Bright Scrap | 8.01 |
| #1 Copper Wire Scrap | 8.08 |
| #1 Copper Scrap | 7.63 |
| Bare Bright Copper Scrap | 7.57 |
| #2 Copper Scrap | 7.39 |
| #3 Copper Scrap | 5.94 |
| #1 Insulated Copper Wire | 4.74 (high 4.79, low 4.68) |
| #2 Insulated Copper Wire | 3.19 |
| Copper Auto Radiators Scrap | 4.65 |
| Copper Radiators Scrap | 3.95 |
| Copper Turnings Scrap | 2.50 |
| Copper Transformer Scrap | 4.56 |
These are average ranges rather than 100% guaranteed prices. Prices Updated on 14 October 2026.
Regional Variations
Like the other metals, the rates can’t be constant nationwide, varying by area or province due to various influencing factors such as local demand, competition, processing costs, and many others.
Below are the estimated regional price ranges for scrap copper (CAD per pound):
| Province | Price (CAD/lb) |
|---|---|
| Ontario | 8.08 |
| British Columbia | 7.90 |
| Quebec | 7.90 |
| Alberta | 7.90 |
These are average ranges rather than 100% guaranteed prices. Prices Updated on 3 October 2026.
Historical Trends
In North America, the copper scrap prices have shown significant volatility over the past decade. Here are the key historical milestones:
- 2020-2021: The copper rates go downward due to the global COVID-19 pandemic.
- 2022-2023: A sudden surge in demand was recorded, resulting in fair pricing.
- 2024: The Market was infected by geopolitical tensions such as the Russia-Ukraine conflict, affecting supply.
Current Market Trends and Future Outlook
Copper scrap prices in Canada have been relatively strong in 2026 due to various factors such as rising demand for recycled copper from electronics, EVs, and renewable projects. Its rates in the market now stand 30-40 times more than steel, about 5 times more than aluminum, and brass fetches approximately 50% of copper’s price.
The industry experts suggest the value of the scrap copper will remain relatively constant while showing some volatility. However, Several reports also indicate growth, with scrap production rising at a 4.2% CAGR globally, outpacing primary copper.
Factors Influencing the Scrap Copper Prices
The price of copper scrap fluctuates based on several factors. Here are a few of the factors that directly or indirectly influence the prings:
- Grades: The value of the scrap copper mainly depends on its type or grade. That’s why higher grades, like Bare Bright or even #1 copper, fetch the highest prices, while lower grades, such as light copper or insulated copper wire, fetch the lowest prices.
- Global Commodity: Like the prices of other scrap metals, scrap copper prices usually follow global copper commodity or primary copper prices (COMEX/LME). Therefore, whenever base copper prices rise, scrap yards or recycling centers typically increase their payouts to meet their various targets.
- Economic Conditions: Typically, economic growth and industrial activity drive demand for copper and its scrap. For example, if the electric tools, auto, and construction industries are booming, then they will need more copper to fulfill the required needs. To meet these needs, demand for copper (including scrap copper) rises, which generally drives prices higher.
- Local supply & Demand: Scrap copper prices often depend on the supply and demand of copper in the region. If local supply is limited but demand from manufacturers or recyclers is high, this imbalance will result in a price rise.
- Currency Exchange Rates: Like other metals, copper is traded around the world, so fluctuations in exchange rates can affect raw and scrap prices.
- Processing Effect: Technological advancements in recycling can result in an increase or decrease in operational costs, which directly impact the prices of scrap metals, such as scrap copper, steel, or aluminum.
- Local Competition. Facilities in urban areas (e.g., in Toronto, Mississauga, or Kitchener) often pay a little more compared to rural or remote areas like Elmira.
Tips for Maximizing Copper Scrap Value
To get the best price for your junk copper, follow the following tips:
- Sort and Clean: If you have copper in bulk, separate its different types and remove contaminants. This act will increase your pay because you will save them the extra labour or processing cost of removing the containments.
- Check Market Prices: Stay informed about current copper scrap prices, which help you make any decisions.
- Find Registered and Reputable Buyers: Always choose a reputable and licensed scrapyard, recycling center, or dealer to sell your junk copper at a fair price. Reputable facilities will make promises about their commitments and are less likely to abandon you.
- Sell in Bulk: If you have scrap in large quantities, try selling it in bulk. By offering scrap in bulk, you can often get better quotes and, hence, better financial returns.
Bottom Line
As of 2026, the average value of copper scrap is commonly traded between USD2.50 and USD8.08 per pound in the Canadian market, depending on multiple factors. However, its value is expected to stay fairly steady, though with some fluctuations. As the scrap copper market evolves, it is recommended that everyone involved in this industry to keep an eye on the current trends.
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