Copper values increase in latest online auction of military scrap

Nov 16, 2005 | 02:13 PM | Paul Schaffer

The U.S. Defense Department's latest monthly electronic auction of metal scrap shows copper values rising since October, with four lots of fired cartridges going for more than $1.40 a pound in Florida, Illinois and Nevada.

Most of the fired brass cartridges went to a single bidder focused on Florida, who spent $151,000 buying material at between $1.19 and $1.46 a pound. The same buyer acquired similar lots in late October with winning bids ranging from $1.22 to $1.31 a pound (AMM, Oct. 20).....

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