fallback CME Jul 31, 2026 settlement · latest Gold API HG value (assumed USD/lb) loads automatically
Sources and review: Reviewed by MeltOffer on . Latest browser value: Gold API HG/USD. Gold API identifies Copper/HG and USD but documents neither the unit nor a CME linkage; MeltOffer assumes its HG value follows the CME HG convention of USD per pound and requires independent verification. Dated fallback: the official CME Metals Daily Bulletin; the contract basis is Grade 1 copper cathode, not scrap. Grade and recovery terms: ReMA specifications. The dated settlement is editable and is not a local scrap quote.
Copper price by weight unit
| Unit | Reference value |
|---|---|
| Gram | $0.0143 |
| Avoirdupois ounce | $0.4041 |
| Troy ounce | $0.4433 |
| Pound | $6.47 |
| Kilogram | $14.25 |
| US short ton | $12,931.00 |
| Metric tonne | $14,253.97 |
Copper value by grade or purity per pound
| Grade or purity | Contained-metal value per pound |
|---|---|
| Bare bright — full benchmark | $6.47 |
| #1 copper — full benchmark | $6.47 |
| #2 copper — gross-weight ceiling | $6.47 |
| Sheet copper — gross-weight ceiling | $6.47 |
The transparent formula
Each row equals the visible reference value per pound × its unit conversion × its purity or recovery factor. Change the input and every row recalculates in your browser.
Calculate a specific copper item's melt value and compare a buyer quote.
Copper reference price versus scrap price
The visible input is a copper-market reference, not a national yard board price. Bare bright, #1, #2, insulated wire, and mixed material have different preparation, contamination, recovery, freight, and local-demand terms; compare the yard's actual net quote.
Convert the same benchmark before comparing quotes
A kilogram is 2.20462 pounds and a pound is 16 standard ounces. The unit table converts one visible reference consistently, while the grade rows remain comparison ceilings unless you enter a measured recovery factor in the copper calculator.
Other metal price references
Gold Price per Gram Today · Silver Price per Gram Today · Silver Price per Pound Today · Platinum Price per Gram Today · Palladium Price per Gram Today
Frequently asked questions
What is the copper reference value per pound?
The fallback is $6.47 per pound until the latest Gold API HG value loads or you edit the input. Gold API does not document the HG unit or a CME linkage; MeltOffer assumes the CME USD-per-pound convention, so verify it independently.
How is the copper reference value per pound calculated?
MeltOffer converts the visible reference value per pound using exact unit factors, then multiplies by purity where applicable. Every value on this page updates from the same editable input.
Will a buyer pay the full copper reference price?
Usually not. The reference price values contained metal before testing, handling, refining, and buyer margin. Use the copper calculator to compare a written quote.
Is the copper reference price what a scrap yard pays?
No. It is a market benchmark. A yard prices the accepted grade, preparation, contamination, recovery, lot size, and local demand, so compare its written dollars-per-pound quote separately.
Why do #1 and #2 copper have different scrap prices?
They have different cleanliness and preparation requirements. This page does not invent one national discount; use the calculator with the grade and an actual buyer quote.