Copper and brass values gain in Defense contractor auction

Dec 21, 2005 | 02:36 PM | Paul Schaffer

A federal contractor auctioned off $1.9 million worth of U.S. Defense Department metal scrap on its Web site Tuesday, with copper and brass prices ranging mostly between $1.31 and $1.68 a pound.

A similar auction in November priced copper and brass items, other than wire, at a somewhat lower range of $1.24 to $1.45 a pound.

At the high end of the price range, mixed high-temperature alloy scrap in Jacksonville, Fla., went for $5.06 a pound, which included titanium T23 and stainless steel parts, such as engine gears.....

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