Worked exampleCopperBerryScrap

Copper Berry

ISRI Berry. Bare bright uncoated unalloyed copper wire

Berry is the cleanest copper scrap and prices at the smallest discount to LME. Often just 1–3¢/lb under cash. Metal-content hedging at 99.5% captures the exposure almost exactly like cathode and is standard for copper wire-rod mills and rod-to-cable manufacturers.

This page shows how the NovaEx wizard models one common configuration. Your contract may look different. Override any field per shipment, or clone the example to build your own.

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Conversion recipe

Gross × MC%
Hedge methodMetal content %
FormulaHedgeable MT = Qty × UOM factor × Metal content %
Commercial UOMMT
Metal content99–99.95% (typical 99.5%)
Rounding ruledown

Sources

ISRI Scrap Specifications Circular · Copper Development Association

Industry-standard ranges shown. Actual contract terms vary per shipment; override at position entry.

Worked example

Typical shipment

Commercial qty

25 MT

As invoiced

Contained metal

24.88 MT

Copper inside the goods

Hedgeable metal

24.88 MT

Flows to hedge desk → LME Copper

25 MT × 99.5% metal content = 24.88 MT contained Metal content defines exposure → 24.88 MT Copper hedgeable

25 MT of Berry × 99.5% Cu = 24.875 MT Cu hedgeable → hedge on LME Copper.

Typical specifications

What you're actually trading

Reference specifications for contracts, counterparty conversations, and supply-chain planning. Not a substitute for the shipment's lab certificate or commercial contract.

ISRI spec
Berry
Description
Bare, bright, uncoated, unalloyed copper wire no smaller than #16 AWG
Cu content
99.0–99.95% (typical 99.5%)
Market position
Highest-grade copper scrap
Typical source
Cable manufacturer offcuts, transformer rewinding

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Questions about this product

Copper Berry: FAQs

Frequently Asked Questions