Choose total cost, unit price, weight, or scrap payout. Use a quoted price in the selected unit; scrap payout uses the yard’s price per pound and an optional percentage fee.
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Copper Price Formula
The following equation is used to calculate the Copper Price.
- Where TCP is the total copper price ($)
- CPP is the price per pound of copper ($/lb)
- W is the total weight of copper purchased (lbs)
To calculate the copper price, multiply the price per pound of copper by the weight of the copper.
What is the Average Copper Price?
Copper prices change over time and depend on the market, product and grade. Enter a current supplier or scrap-yard quote; this calculator does not supply live prices.
The price of copper is an indicator of the global economy and is highly dependent on market supply and demand.
How to Calculate Copper Price?
Example Problem:
The following example outlines the steps and information needed to calculate Copper Price.
First, determine the total weight of copper purchased. In this case, the weight purchased was 10 pounds.
Next, determine the cost per pound of copper. For this hypothetical example, the cost per pound is $4.00.
Finally, calculate the copper price using the formula above:
TCP = CPP * W
TCP = $4 * 10
TCP = $40.00
