Smash Scrap Morning Metals Report – October 28, 2026
· SMASH AI
· 2 min read
· 5 views
Prices as of October 28, 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: $4,055/oz; lower than the previous close.
Silver price
- Silver: $54.06/oz; lower than the previous close.
Platinum-group metal prices
- Platinum: $1,547/oz; higher than the previous close.
- Palladium: $1,007/oz; lower than the previous close.
- Rhodium: $9,075/oz; unchanged from the previous close.
Copper price
- Copper: $6.65/lb; lower than the previous close.
Aluminum price
- Aluminum: $1.40/lb; lower 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.
- Copper scrap export restrictions raise supply security, recycling risks - Mining.com.au — Google News – Scrap Metal
- COMMENTARY: Boosting Western supply of refined critical metals means de-risking investment. But how? - Reuters — Reuters Commodities
- China Scrap Metal Index: Copper & Aluminum Gain While Stainless Steel Drops - 2026-10-27 - ScrapMonster — ScrapMonster News
- Copper price climbs on AI rebound, China demand strength - Mining.com — Mining.com
- Gold gains on softer oil prices ahead of Fed meeting - Reuters — Reuters Commodities
🇨🇦 CAD Note — One US dollar is C$1.4038. The reference prices above are in US dollars. Copper: $9.34/lb CAD · Aluminum: $1.97/lb CAD · Steel Scrap (Shredded (SHS)): $579.77/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.
