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Tin scrap in the U.S. generally goes for $110 per ton on today's open market. The value of a single tin can would calculate as a fraction of a cent as a result. What are the latest scrap metal prices?
These prices are more an indication than an actual exchange price. Unlike the prices on an exchange, pricing providers tend to give a weekly or bi-weekly price. For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on ...
According to the International Resource Panel's Metal Stocks in Society report, the per capita stock of steel in use in Australia, Canada, the European Union EU15, Norway, Switzerland, Japan, New Zealand, and the US combined is 7,085 kilograms (15,620 lb) (about 860 million people in 2005).
The International Tin Council (ITC) was an organisation which acted on behalf of major tin producers and consumers to control the international tin market.. An International Tin Study Group, which was established in 1947 to survey world supply of and demand for tin, led to the treaty, the International Tin Agreement, signed in 1954, and the formation of the ITC in 1956.
ITC dissolved soon afterward, and the price of tin, now in a free-market environment, fell to $4 per pound and remained around that level through the 1990s. [72] The price increased again by 2010 with a rebound in consumption following the 2007–2008 economic crisis , accompanying restocking and continued growth in consumption.
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