Insulated copper wire transactions top $50,000 in military scrap sale
Nov 21, 2007 | 09:27 AM
| Paul Schaffer
Large military lots of insulated copper wire scrap went for $1.51 a pound in Pennsylvania and $1.44 a pound in Maryland in an electronic auction. The two winning bids both exceeded $50,000.
The most valuable copper lot per pound was a Utah offering that included non-insulated wire, tube and bits from disassembled motors, which went for $2.62 a pound.
Grade 903 bronze, its value depressed by stainless steel attachments, went for $2 a pound in Alabama. The buyer of that lot took five offerings of bronze and copper at the Anniston Army Depot at values ranging down to $1.47 a pound for grade 955 bronze.....
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