Scrap Metal Prices Canada – June 2025: Comprehensive Market Overview & Forecast

As of June 2025, Canada's scrap metal market is navigating a complex landscape shaped by global economic shifts, domestic industrial activity, and evolving demand from sectors like electric vehicles (EVs) and renewable energy. This detailed analysis provides current pricing, market trends, and forecasts for key scrap metals across Canada.

Scrap Copper Prices Canada – June 2025

Current Prices

Copper remains a high-demand metal due to its extensive use in electrical applications and the growing EV sector. As of early June 2025, the average prices for various copper grades in Canada are:

• #1 Copper Bare Bright: CAD 5.00 – CAD 5.30 per pound

• #1 Copper Wire and Tubing: CAD 4.80 – CAD 5.10 per pound

• #2 Copper Wire and Tubing: CAD 4.50 – CAD 4.80 per pound

• Insulated Copper Wire (85% Recovery): CAD 2.90 – CAD 3.20 per pound

These prices reflect a slight uptick from the previous month, aligning with global copper price movements. investingnews.com

Market Trends and Forecast

Global copper prices have experienced fluctuations, with a recent decline to USD 4.81 per pound on June 6, 2025. Analysts forecast that copper prices may average around USD 4.88 per pound in June, with potential highs reaching USD 5.33.

Scrap Steel Prices Canada – June 2025

Current Prices

Scrap steel prices in Ontario, a significant market in Canada, range between CAD 0.30 and CAD 0.70 per pound, depending on the grade and condition of the material. schmidtsautorecycling.ca

Market Trends and Forecast

The steel market is experiencing a "soft sideways" trend, with prices showing minimal movement. Factors such as planned mill shutdowns in July and global economic uncertainties contribute to this stability. steelmarketupdate.com+1steelmarketupdate.com+1linkedin.com

Looking ahead, the demand from infrastructure projects and the EV sector may provide upward pressure on prices. However, potential economic downturns and increased primary metal production could counteract this trend.

Scrap Iron Prices Canada – June 2025

Current Prices

Scrap iron, often categorized under ferrous metals, shares similar pricing trends with scrap steel. Prices fluctuate based on the form and purity of the iron scrap.

Market Trends and Forecast

The ferrous scrap market is currently stable, with no significant price changes reported in early June. The outlook remains cautious, with potential impacts from global trade policies and domestic industrial activities.

Scrap Lead Prices Canada – June 2025

Current Prices

Lead scrap prices in Canada range from CAD 0.65 to CAD 1.40 per pound, varying based on the type and quality of the material. schmidtsautorecycling.ca

Market Trends and Forecast

The demand for lead is influenced by its use in batteries and other industrial applications. While prices have remained relatively stable, any shifts in the automotive or energy storage sectors could affect future pricing.

Scrap Car Prices Canada – June 2025

Current Prices

The average price for scrapping a car in Canada is approximately CAD 165 per ton. Considering that most vehicles weigh around two tons, sellers can expect to receive between CAD 300 and CAD 500 per vehicle. carbrain.com

Market Trends and Forecast

Used car prices are experiencing a gradual decline, with the average listing price at CAD 25,547 in June 2025. This trend may influence scrap car values, as the supply of end-of-life vehicles adjusts accordingly.

Scrap Yellow Brass Prices Canada – June 2025

Current Prices

Scrap yellow brass prices in Canada typically range between CAD 2.50 and CAD 3.80 per pound, depending on factors like cleanliness and alloy composition. scrapcarboys.ca

Market Trends and Forecast

Brass prices are subject to fluctuations based on copper and zinc market dynamics. The ongoing demand in plumbing and decorative applications supports stable pricing, with potential increases aligned with copper market trends.

Additional Insights

Global Market Influences

The global scrap metal market is experiencing stabilization amidst challenges such as weak steel demand in Asia and fluctuating commodity prices. These international trends can have ripple effects on the Canadian market, influencing both pricing and demand.indexbox.io

Technological Advancements

Advancements in recycling technologies are enhancing the efficiency of scrap metal processing. Companies are investing in facilities capable of handling complex materials, such as electronic waste, to recover valuable metals like copper and lead.