Scrap Metal Prices in Nigeria (2026): What Your Metal Is Really Worth

If you have copper cable, aluminium offcuts, an old generator, or a yard full of iron sitting idle, one question matters most: what is it actually worth today? Scrap metal prices in Nigeria fluctuate constantly, and knowing the current numbers can mean the difference between a fair deal and a lowball offer.

This guide breaks down where prices sit in 2026, what drives them, and how to ensure you're paid what your metal is genuinely worth.

Current Scrap Metal Prices in Nigeria (2026, Lagos Rates)

As a working snapshot of the Lagos market in 2026:

• Copper: roughly ₦10,000–₦13,000 per kg, depending on grade (bright/bare bright commands the top end; burnt or dirty copper less).

• Aluminium: roughly ₦1,800–₦3,000 per kg, depending on whether it's clean extrusion, cast, or mixed.

• Iron/Heavy Steel Scrap (HMS): around ₦600-₦700 per kg, varying with thickness and cleanliness.

• Brass and stainless steel: priced between aluminium and copper, depending on composition.

  
  

These figures are indicative. Scrap metal prices in Nigeria shift daily with global commodity markets and the naira exchange rate, so always confirm a live rate before you sell.

What Drives Scrap Metal Prices in Nigeria

Four forces move the market:

1. Global Benchmarks: Local prices track the London Metal Exchange (LME). When copper or aluminium rises globally, Lagos rates follow.

2. The Naira Exchange Rate: Much of Nigeria's scrap follows a global price trend. A weaker naira often pushes local naira prices up.

3. Export Demand: Strong demand from mills in India, China, and elsewhere lifts prices. When overseas buyers slow down, offers soften.

4. Grade and Cleanliness: A clean, sorted load always beats a mixed, contaminated one. Insulation on cable, rust on steel, or attached non-metal parts all reduce the rate you'll be paid.

   
   

Why Prices Differ Across Nigeria

Location matters. Major hubs like Lagos, Kano, and Port Harcourt typically offer stronger prices because they're closer to processors and smelters. Areas far from these hubs usually see lower offers. This is simply because transport and logistics costs get deducted before the seller is paid. If you're in Lagos, Kano, or Port Harcourt, you're well positioned to capture better value.

How to Ensure You Get a Fair Price

• Weigh Before You Sell: Know your tonnage so you can sanity-check any offer.

• Sort Your Metals: Separated copper, aluminium, and steel earn far more than a mixed pile.

• Ask for the Rate per kg or per Tonne: This allows you to compare buyers properly.

• Get a Live Quote: Because prices move daily, a quote from last month means little today.

  
  

Tips for Maximizing Your Scrap Metal Value

Understanding Metal Grades

Knowing the different grades of metals can help you maximize your profits. For instance, bright copper wire is worth more than copper that is tarnished or mixed with other materials. Always ensure you know the grade of your scrap before selling.

Clean Your Scrap Metal

Cleaning your scrap metal can significantly increase its value. Remove any non-metal parts, insulation, or contaminants. The cleaner your metal, the higher the price you will receive.

Timing Your Sale

Timing can be crucial in the scrap metal market. Prices can vary throughout the year based on demand and supply. Keep an eye on market trends and sell when prices are favorable.

Building Relationships with Buyers

Establishing a good relationship with your scrap metal buyer can lead to better deals. Regular sellers often receive preferential rates and faster service.

Sell to a Buyer Who Pays What Your Metal Is Worth

At V-Martins Recycling Company, we deal in transparent, current-market pricing for copper, aluminium, iron, brass, and industrial scrap across Lagos and beyond. We weigh fairly, grade honestly, and quote live rates. No guesswork, no lowballing.

📞 Call +234 703 027 1207 for today's live scrap metal prices in Nigeria, or email vmartinsrecycling@gmail.com to arrange a valuation.

Conclusion

Understanding scrap metal prices in Nigeria is essential for anyone looking to sell their unwanted metal. By staying informed about current rates, knowing what drives prices, and following best practices for selling, you can ensure you receive the maximum value for your scrap. Whether you have a few tons of scrap or an entire yard of old machines, V-Martins Recycling is your trusted partner for hassle-free, high-value recycling in Lagos.