High copper prices: the core engine of the recycling boom
The current global copper price is in a historical high range, which directly ignites the economic momentum of waste wire recycling. Price Status: As of mid May 2026, the London Metal Exchange (LME) copper futures price is approximately $14153/ton, and the domestic Shanghai copper futures price has exceeded 104000 yuan/ton. The recycling price of bright copper wire in waste wires is as high as 49.2 yuan/jin, with a general increase of 30% -60% compared to the same period last year. Main reasons for the increase Supply and demand imbalance: The global copper mine has limited new production capacity and declining grade, while the demand for copper in the new energy industry (electric vehicles, photovoltaics, energy storage) is experiencing explosive growth. It is expected that the global copper market gap will reach 350000 tons by 2027. Supply fluctuations: Geopolitical conflicts, labor strikes, environmental policies, and other factors in major copper producing countries continue to disrupt copper mine supply. Recycling benefits: Under the stimulation of high prices, the net profit of one ton of waste wire processed by copper rice machine can reach thousands of yuan, and the investment return period is usually 6-12 months, with significant economic benefits. Replacing the outdated...
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