U.S. Copper Scrap Market To Reach $1,070.7 Million By 2033

U.S. Copper Scrap Market Growth & Trends

The U.S. copper scrap market size is expected to reach USD 1,070.7 million by 2033, registering a CAGR of 5.3% from 2026 to 2033, according to a new report by Grand View Research, Inc. The rising demand for recycled copper in foundries and ingot-making applications is projected to boost the market growth in the country.

Copper scrap finds applications in foundries such as casting plants, bronze products, and gunmetal products. Copper casting parts made from copper alloys and bronze are used in construction, electrical, mining, oil & gas, general, and industrial applications. This segment is projected to grow on account of favorable properties of copper such as corrosion resistance, weathering resistance, low maintenance, recyclability, superior strength, magnetic permeability, electrical conductivity, and ease of fabrication.

With electrification increasing at a rapid pace in the automobile industry, the demand for metals necessary for the transition from ICE vehicles to electric vehicles is projected to rise over the coming years. The share of EV sales as a proportion of total vehicles has been growing. The number of EVs in use around the globe has witnessed a rapid increase between 2019 and 2022. The global sales of EVs reached 10.5 million units in 2022, compared to sales of around 6.7 million units recorded in 2021.

The irregular supply of copper scrap is one of the major challenges in the industry and thus restrains the growth of the market. Loss of copper scrap occurs as most of the scrap ends up in landfill sites. The availability of scrap is also adversely impacted by the long-life cycle of copper products. It is tied up for 10 to 20 years in the transportation sector, more than 30 years in construction and infrastructure, and between 10 to 30 years in the industrial machinery & equipment sector, before it becomes available for recycling.

Technology upgrades and investments are required to improve the recycling rate around the world. This involves more machinery & equipment for scrap processing and separation, trucks, and vehicles to transport scrap, technological upgrades to handle diverse, complex, and rapidly changing material compositions, and product miniaturization. Thus, these considerable hurdles restrain the growth of the copper market, as copper scrap is not available regularly for optimized production.

Private investments in the scrap sector are growing. For instance, in the U.S., Aurubis AG has targeted investment for three actions: expanding its recycling capacity including e-waste or electronic scrap, upgrading technology to convert complex materials into high-grade scrap, and developing closed loops for customers, which can end the cycle of metal waste.

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U.S. Copper Scrap Market Report Highlights

• By application, wire rod mills dominated the market with a revenue share of over 27.0% in 2025. Wire rod mills lead the U.S. copper scrap market as they serve core demand centers, including power transmission, electrical wiring, renewable energy systems, and EV-related components.

• Brass mills primarily consume copper scrap in the production of brass sheets, strips, rods, and specialty alloys used in plumbing, automotive components, electronics, and industrial hardware.

• The south region in the U.S. held the largest share of over 39.0% of copper scrap revenue in 2025. South region dominates the U.S. copper scrap market due to its extensive industrial presence, particularly in the electrical manufacturing, automotive production, and metal processing sectors.

• The market is driven by increasing demand for cost-efficient recycled copper in the electrical and construction sectors, supported by sustainability targets, higher recycling rates, and rising consumption from EV and renewable energy supply chains.

U.S. Copper Scrap Market Segmentation

Grand View Research has segmented the U.S. copper scrap market on the basis of on application and region:

U.S. Copper Scrap Application Outlook (Revenue, USD Million; Volume, Kilotons, 2021 - 2033)

• Wire Rod Mills

• Brass Mills

• Ingot Makers

• Foundries and Other Industries

U.S. Copper Scrap Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2021 - 2033)

• Northeast

• Midwest

• West

• South

List of Key Players in the U.S. Copper Scrap Market

• AIM Recycling

• Commercial Metals Company (CMC)

• Metalico, Inc.

• Nucor Corporation

• OmniSource, LLC

• Radius Recycling

• SA Recycling

• Sims Metal Management

• Upstate Shredding - Weitsman Recycling

• USM Companies