SCRAP METAL PRICES. Escalating prices of metals has been a concern to most business investors as the business tends to be grows more lucrative as the time goes. Major businesses rely products made of metals to make their products hence the demand they revert towards the scrap metal raises the overall demand of scrap metals Various countries have developed industries that major on recycling of scrap metal to produce some stronger alloys that have the ability of making different machines. In the olden existences, many states had not integrated the value of scrap metals because of the limited application of technology in those days. Conversely, in the technology invented in the current world has brought in the possibility of various ways of recycling scrap metals depletion of the mines of different metals that used to exist before has been another factor that has been fueling the recycling of scrap metals. Reduction of the metals for the mines that produced pure mines has been culminating to an increase the recycling of scrap metals. Copper price per pound stands at $2.17 implying that market of cooper as a scrap metal is high because most people cannot get copper from the mines because of various reasons. a good example is that pure cooper originating from the mines before have the tendency of being more expensive compared to the secondhand copper. Despite the quality being different, most industries would consider the cost effect, as they believe that the quality of cooper does not have differ much. The same scenario is evident in the case of steel because finding pure steel from the mines also proves difficult because the high population increase in cannot survive from the steel produced from the mines. The existence in that perception suggests that most of the people that prefer numerous substantial made of steel is advanced than the amount of pure steel that could be originate from the mines Thus, through recycling of the steel, industries get that opportunity of producing various goods made of steel. In conclusion, the general scrap metal values per pound is high in the current past because most of the businesses using the metals as raw material have come a understanding that they cannot make my product without thoughtful concerns on recycling of the scrap metal. Most of the developing countries have placed receiving of metals such as copper and steel a number one priority, as they understand its significance to the economy in the end. thus, the importance of recycling scrap metal has been on the increase in the recent past.