Smash Scrap Morning Metals Report – October 16, 2026
· SMASH AI
· 2 min read
· 9 views
Prices as of October 16, 2026 at 07:30 AM CDT.
Market screen levels only — not yard pay prices. Actual buy prices at the scale will differ based on grade, moisture, contamination, and freight. The scrolling ticker at the top of this page shows live prices and may differ from the snapshot below.
Today’s price snapshot
Gold price
- Gold: $4,176/oz; higher than the previous close.
Silver price
- Silver: $57.91/oz; higher than the previous close.
Platinum-group metal prices
- Platinum: $1,639/oz; higher than the previous close.
- Palladium: $1,109/oz; lower than the previous close.
- Rhodium: $9,150/oz; unchanged from the previous close.
Copper price
- Copper: $6.63/lb; higher than the previous close.
Aluminum price
- Aluminum: $1.37/lb; higher than the previous close.
Steel scrap price
- Shredded (SHS): $413.00/mt; unchanged from the previous close. Source: scrapmonster.
- HMS 1&2 (80:20): $366.00/mt; unchanged from the previous reference price.
What sellers can do today
- Converters and precious metals: Record serial numbers, separate OEM from aftermarket units, and include clear photos.
- Copper and aluminum: Separate grades and remove avoidable contamination before asking for bids.
- Steel: Confirm the grade, weight, freight responsibility, and possible deductions before accepting an offer.
- Price discovery: Treat these as reference prices, not yard offers, and compare more than one qualified bid through Smash Scrap.
News sources checked
These are the linked headlines reviewed for today’s report. Open the original source before making a market decision.
- Base metals head to LME Week 2026 with record-low TCs, war-hit supply chains - Fastmarkets — Fastmarkets
- North American Copper and Brass Scrap Prices Register Decline on the Index- October 15, 2026 - ScrapMonster — ScrapMonster News
- Chinese Scrap Metal Prices Register Broad Decline on the Index – October 15, 2026 - ScrapMonster — ScrapMonster News
- Gold approaches $4,170, silver gains 3% as bond rally lifts precious metals - Kitco PM Report - Kitco — Kitco News
- IT stocks lead Nifty higher; Adani, Metals drag as global selloff weighs — BusinessLine
🇨🇦 CAD Note — One US dollar is C$1.4196. The reference prices above are in US dollars. Copper: $9.41/lb CAD · Aluminum: $1.94/lb CAD · Steel Scrap (Shredded (SHS)): $586.29/mt CAD
Want to move PGM-bearing material, copper, aluminum, or steel scrap through competitive bidding? List your lots on Smash Scrap and let vetted buyers compete for your scrap.
