Copper pricing is something that changes on a constant basis. Dealers can get a bad reputation for changing up their prices for scrap wire in Mississauga too often, even though there is a valid reason for these fluctuations.
At Alnor Industries, our dedicated team of professionals strives to consistently exceed our customers' expectations, handling their electrical wire scrap efficiently and transparently, so they can always be assured that they are getting the highest quality products at the fairest prices.
The market, much like all commodities, is subject to fluctuations in demand. Most dealers keep an eye on the COMEX and LME when it comes to the prices for electrical wire scrap. These prices are updated by the MINUTE. When end users buy electrical wire scrap, they use these figures as a platform for pricing. So when the COMEX drops, so do the prices. The difference you see from your local dealer to dealer is the spread that they can work off. Yet some dealers do not have the volume or quality to be able to sell to the buyers who pay a premium for recycled wiring.
Alnor provides you with the fix to to this sticky situation, as when it comes to recycling scrap wire in Mississauga and neighboring regions, we are able to provide the best pricing because we meet the standards required by top end users.
Copper has been used in electric wiring since the invention of the electromagnet and the telegraph in the 1820s. The invention of the telephone in 1876 created further demand for copper wire as an electrical conductor.
Copper is an electrical conductor in many categories of electrical wiring and cabling. Copper wire is used in power generation, power transmission, power distribution, telecommunications, electronics circuitry, and countless types of electrical equipment. Copper and its alloys are also used to make electrical contacts. Electrical wiring in buildings is the most important market for the copper industry. Roughly half of all copper mined is used to manufacture electrical wire and cable conductors.
Solid wire consists of one strand of copper metal wire, bare or surrounded by an insulator. Single-strand copper conductors are typically used as magnet wire in motors and transformers. They are relatively rigid, do not bend easily, and are typically installed in permanent, infrequently handled, and low-flex applications.
Stranded wire has a group of copper wires braided or twisted together. Stranded wire is more flexible and easier to install than a large single-strand wire of the same cross section. Stranding improves wire life in applications with vibration. A particular cross-section of a stranded conductor gives it essentially the same resistance characteristics as a single-strand conductor, but with added flexibility.
Copper will continue to be the predominant material in most electrical wire applications, especially where space considerations are important. The automotive industry for decades has considered the use of smaller-diameter wires in certain applications. Many manufacturers are beginning to use copper alloys such as copper-magnesium (CuMg), which allow for smaller diameter wires with less weight and improved conductivity performance. Special alloys like copper-magnesium are beginning to see increased usage in automotive, aerospace, and defense applications.
At Alnor Industries, we can extend the life of previously used copper wire by providing you with recycling service for your scrap wire in Mississauga.
Please contact us for more information on our role in recycling scrap wire in Mississauga.