As an industry expert in the field of metal recycling, I have a deep understanding of the various factors that influence the pricing of scrap materials, including aluminum. The price of scrap aluminum can vary significantly based on several key factors such as the type of aluminum, its condition, market demand, and global economic conditions.

Type of Aluminum: Aluminum comes in various forms, and each type has a different value. For instance, extruded aluminum, such as the 6063 grade, is commonly used in construction and manufacturing. The price for clean extruded aluminum 6063 is noted to be around $0.68 per pound, while unclean extruded aluminum of the same grade is valued at approximately $0.55 per pound.

Condition of Aluminum: The condition of the aluminum plays a crucial role in determining its price. Clean aluminum, free from contaminants and other metals, will fetch a higher price compared to aluminum that has not been properly sorted or cleaned.

Market Demand: The demand for aluminum in the market is another significant factor. High demand from industries such as automotive, aerospace, and construction can drive up the price of scrap aluminum.

Global Economic Conditions: The global economy can also affect the price of scrap aluminum. Economic downturns or trade disputes can lead to fluctuations in the price.

Recycling Process: The ease and cost of recycling aluminum also influence its price. Aluminum is highly recyclable, and the process is energy-efficient, which can make it a more attractive option for buyers.

Regulatory Factors: Government policies and regulations can also have an impact on the price of scrap aluminum. For example, changes in import/export tariffs or environmental regulations can affect the market dynamics.

Supply and Availability: The supply of scrap aluminum in the market is another factor that can affect its price. If there is a surplus of scrap aluminum, the price may decrease. Conversely, if there is a shortage, the price may increase.

Aluminum Cans (UBC): A specific type of aluminum, known as Used Beverage Cans (UBC), has its own pricing. These are typically valued at around $0.48 per pound.

Cast Aluminum: Cast aluminum, often used in automotive parts and other heavy-duty applications, is priced at approximately $0.45 per pound.

It's important to note that the prices mentioned are subject to change and can vary based on the factors mentioned above. Additionally, the prices are not fixed and can be negotiated between the seller and the buyer based on the quality and quantity of the aluminum being sold.

To get the most accurate and current pricing for scrap aluminum, it's advisable to check with local scrapyards or recycling centers, as they can provide the most up-to-date information based on their specific market conditions.

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Price of Scrap Metal*subject to changeExtruded Aluminum 6063 (clean)$0.68per poundExtruded Aluminum 6063 (unclean)$0.55per poundUBC (Aluminum Cans)$0.48per poundCast Aluminum$0.45per pound22 more rowsread more >>