Scrap Metal Prices in Nigeria 2026: A Comprehensive Guide for Lagos Sellers

Scrap metal yard in Lagos

If you are planning to sell scrap metal in Lagos or anywhere in Nigeria, knowing the current scrap metal prices Nigerian markets are offering is the difference between leaving money on the table and walking away with a fair deal. This comprehensive April 2026 rate guide covers every major metal type bought and sold in Nigeria, what drives price changes, and how to get the best value from the best scrap metal recycling company Lagos has to offer. V-Martins Metal Recycling Company.

What Determines Scrap Metal Prices in Nigeria?

Scrap metal prices in Nigerian markets are not arbitrary. They are driven by a combination of global and local forces that change daily. Understanding these factors helps you time your sales for maximum return:

1. Global Commodity Markets

Nigeria's scrap metal prices are pegged to international benchmark prices for copper, aluminium, iron ore, and other metals. When global prices rise—as copper and aluminium did in early 2026—local Nigerian prices follow upward.

2. Naira Exchange Rate Because metals are globally traded in US dollars, a weaker naira typically results in higher naira prices for scrap. This means Nigerian sellers often benefit when the naira depreciates against the dollar. 3. Local Industrial Demand With Nigeria's Central Bank restricting steel imports via forex, domestic manufacturers rely heavily on scrap metal. Higher domestic demand from steel mills and foundries in Lagos, Kano, and Aba pushes prices up. 4. Metal Quality and Purity Clean, uncontaminated copper always fetches more than mixed or insulated copper. Sorted aluminium earns more than unsorted. The cleaner and better-sorted your scrap, the higher the price you will receive. 5. Seasonal Factors

Construction booms (typically the dry season in Nigeria, October–March) generate more structural steel scrap. Post-election infrastructure spending cycles also affect iron and steel demand significantly.

Complete 2026 Scrap Metal Price List: Nigeria (Lagos Market Rates)

Below are the current approximate scrap metal prices Nigerian buyers are paying in April 2026, sourced from the Lagos market.

All prices are in Nigerian Naira (NGN) per kilogram.

SCRAP METALS

• Copper (bare bright/clean wire): ₦10,000–₦13,000/kg

• Copper (insulated): ₦2,500–₦3,000/kg

• Aluminium (thick/vehicle grade): ₦1,800–₦3,000/kg

• Aluminium (light/roofing): ₦2000–₦2500/kg

• Brass: ₦7,000–₦7,500/kg

• Iron/steel scrap: ₦500–₦600/kg

• Stainless steel: ₦800–₦1000/kg

• Lead: ₦1,500–₦2,500/kg

EQUIPMENT AND VEHICLES (per unit, approximate)

• Scrap car (saloon/sedan): ₦400,000–₦1,500,000

• Scrap bus/truck: ₦500,000–₦5,000,000

• Small generator (2.5–5 KVA): ₦30,000–₦80,000

• Medium generator (6–20 KVA): ₦80,000–₦650,000

• Industrial generator (above 20 KVA): Assessed on-site

• Air conditioner unit: ₦40,000 – ₦80,000

Note: All prices are indicative and change daily. Contact V-Martins Metal Recycling Company directly for today's confirmed live rates.

Which Scrap Metal Is Most Valuable in Nigeria?

In terms of value per kilogram, here is the ranking of the most valuable scrap metals in Nigeria in 2026:

1. Copper: By far the highest-value scrap metal. Clean copper can be worth up to 35 times more per kg than iron scrap. Copper's electrical conductivity makes it irreplaceable in manufacturing, keeping demand permanently high.

2. Brass: A copper-zinc alloy, brass is widely used in plumbing and industrial applications. Old brass fittings, taps, and valves are found in old buildings and factories across Lagos.

3. Aluminium: Lightweight, corrosion-resistant, and in growing demand from the automotive and packaging industries. Aluminium from vehicle parts and industrial extrusions earns the best rates.

4. Lead: Found mainly in old car batteries, lead is a valuable non-ferrous metal with consistent demand from battery manufacturers and radiation shielding applications.

5. Stainless Steel: More valuable than ordinary iron, stainless steel is recovered from kitchen equipment, food processing machinery, and industrial tanks.

6. Iron/Steel: The most common scrap metal. Lower value per kg but available in enormous volumes, making bulk collection highly profitable for dedicated scrap metal collectors.

How V-Martins Ensures You Always Get the Best Scrap Metal Price in Lagos

V-Martins Metal Recycling Company is Lagos's premier scrap metal buyer and the benchmark for fair pricing in Nigeria's recycling industry. Here is how we guarantee you the best deal:

• Live market pricing: Our rates are updated to reflect current global metal prices, not outdated fixed rates that work against you.

• On-site weighing: We weigh your scrap in your presence with certified, calibrated scales. Nothing is hidden.

• Professional grading: Our team accurately grades your metal types to ensure you are not penalised for mixed loads.

• No transport cost to you: We pick up free of charge, so the price you agree to is the price you receive—no deductions for logistics.

• Instant payment: The moment the weight and grade are confirmed, your payment is processed. Bank transfer or cash, your choice.

Scrap Metal Price Trends to Watch in Nigeria for 2026

Looking at where scrap metal prices in Nigeria are heading for the rest of 2026:

• Copper: Prices are expected to remain elevated globally, supported by rising demand from electric vehicle manufacturing and renewable energy infrastructure. Nigeria's copper scrap prices should hold strong.

• Aluminium: Global aluminium prices rose in early 2026. Continued energy transition and EV manufacturing growth support a positive price outlook for the rest of 2026.

• Iron/Steel: Domestic steel demand from Nigeria's construction sector—driven by government housing programs and private real estate—should maintain stable iron scrap demand.

• Lead: Battery manufacturing expansions in Nigeria (driven by power sector investment) support consistent lead demand.

The bottom line: 2026 is a strong year to sell scrap metal in Nigeria. Prices are near multi-year highs, demand is robust, and buyers like V-Martins are actively purchasing.

Frequently Asked Questions About Scrap Metal Prices in Nigeria

Q: What is the current price of copper scrap in Nigeria?

A: As of April 2026, clean copper (bare bright) is fetching approximately ₦10,000–₦13,000 per kilogram in Lagos. Call V-Martins for today's confirmed rate.

Q: What is the scrap iron price per kg in Nigeria?

A: Iron/mild steel scrap is trading at approximately ₦500–₦600 per kg in Lagos. Volume and quality affect the final price.

Q: What is the price of aluminium scrap in Lagos?

A: Aluminium prices range from ₦1,800/kg for light roofing sheets to ₦3,000/kg for vehicle-grade cast aluminium.

Q: How do I get the current scrap metal rate from V-Martins?

A: Simply call or WhatsApp us at 07030271207 with a description of your scrap. We will give you a live quote immediately.

Q: Are scrap metal prices the same everywhere in Nigeria?

A. No, rates differ in different locations across Nigeria, primarily because of the logistics costs involved in sourcing them and the cost of processing.

Q: How often do scrap metal prices change in Nigeria?

A: Prices can fluctuate daily based on global market movements and currency exchange rates. Call V-Martins for the most current rate before selling.

Get the Best Scrap Metal Prices in Nigeria—Contact V-Martins Today

Don't settle for low street prices when you can sell directly to Nigeria's #1 metal recycling company and get top market rates with zero hassle.

✅ Copper scrap buyers Nigeria—best rates guaranteed.

✅ Aluminium, iron, brass, lead—we buy all metals.

✅ Free pickup from your location in Lagos.

✅ Instant cash payment on collection.

✅ Professional, transparent, and trustworthy service.

Call or WhatsApp us today for a free quote and same-day collection!

📞 Call/WhatsApp: 07030271207

🌐 Website: https://vmartinsrecyclingcompany.com/

📍 V-Martins Metal Recycling Company, Owode Onirin, Lagos