Nonferrous Markets Start 2026 in Dramatic Fashion; Copper Scrap Demand Holds Up

Published: Feb 23, 2026 10:13

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Recycling Today reports that nonferrous markets began 2026 with notable volatility, with copper prices nearing record highs before moderating, while aluminum and zinc also saw fluctuating gains and retreats. In the copper scrap segment, global demand remains healthy despite softer U.S. demand. A Midwest scrap processor noted that high-grade scrap such as No. 1 bare bright copper fetched stronger prices, leading to unprecedented export volumes to India, Japan, and South Korea. Domestic consumers may soon recognize tighter apparent supply conditions.

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