Estimate bronze value from weight, current price, payable yield, and fees, or reverse-calculate target weight with metric/imperial conversion and quote sensitivity.
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Bronze Value Formula
The following equation gives gross quoted bronze value before the payable factor and fees.
- Where BV is the bronze value (currency)
- W is the weight (e.g., lbs, kg, oz)
- MP is the market price (e.g., $/lb, $/kg, $/oz)
Use matching weight and quote units. Net value = W × MP × (payable% / 100) − fees. Required weight = (target net value + fees) / (MP × payable fraction). The payable percentage is the buyer’s payment factor, not the alloy’s copper percentage.
What is a Bronze Value?
Definition:
Bronze value refers to the monetary or intrinsic worth of bronze based on factors such as weight, market price, and purity. This value can fluctuate with the metals market.
How to Calculate Bronze Value?
Example Problem:
The following example outlines the steps and information needed to calculate the Bronze Value.
First, determine the weight of the bronze. In this example, 10 lbs of bronze are available.
Next, enter a quote for the identified bronze grade and condition. In this illustrative example, assume $2.50 per lb; this is not a current market quote.
Finally, calculate the bronze value using the formula above:
BV = W × MP
BV = 10 lbs × $2.50/lb
BV = $25.00 gross. With 100% payable and no fees, net value is also $25.00.
FAQ
What factors influence the value of bronze?
Weight, alloy grade, condition, the buyer’s quote, payable percentage and fees affect the estimated net value. Quotes can change with market conditions.
How does bronze grade affect a quote?
Bronze is a family of copper alloys with intentionally different compositions and properties, as described by the Copper Development Association. Copper percentage alone does not determine a quote. Ask the buyer to identify the accepted alloy grade and material condition.
How can I keep track of changes in the bronze market price?
Obtain a dated quote from a buyer or supplier for the same alloy grade, condition, weight unit and currency. Enter that quote here. Currency labels do not perform exchange conversion, and quote sensitivity scenarios do not forecast prices.
