SMASH Recycling Morning Metals Report – March 30, 2026
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Prices as of March 30, 2026 at 12:30 PM UTC.
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.
Markets are flat across the board.
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SMASH Recycling Takeaways for Today
- Gold & Silver — Hold your precious metals inventory as both markets remain flat with no clear direction. Our models called silver down but prices stayed stable — wait for clearer signals before making major moves in Toronto or Vancouver yards.
- PGMs — Platinum, palladium, and rhodium all showing no movement today. With automotive scrap processors in Hamilton and Calgary seeing flat pricing, maintain current inventory levels until market direction emerges from this stagnation.
- Copper — Industrial copper remains flat with no price movement. Montreal and Edmonton scrap operations should hold steady on pricing to industrial buyers as the market searches for direction after recent volatility.
- Aluminum — Aluminum shows no movement today after recent gains. Winnipeg and Ottawa yards should maintain current pricing structures as the market consolidates — no urgency to rush sales or adjust offers.
- Big Picture — All 8 metals flat today with zero showing gains, indicating a completely stagnant market waiting for fresh catalysts.
Macro Backdrop — Energy and Risk
Brent Crude Oil: $107.51/bbl, up $0.6700 (+0.63%) day-over-day.
Oil's 67-cent climb reflects growing concerns about supply disruptions as the West Asia crisis deepens. The government of India is already preparing additional relief packages for vulnerable sectors, signaling how geopolitical tensions are rippling through global supply chains. Higher energy costs make recycled metals more attractive than energy-intensive virgin production, supporting scrap values across Canada.
The macro backdrop shows mixed signals with the 10-year yield rising to 4.42% while inflation expectations ease to 2.31%. This suggests markets are pricing in economic resilience despite regional conflicts. Canadian scrap yards from Vancouver to Halifax should see steady demand as manufacturers seek cost-effective alternatives to primary metals. The stronger USD/CAD at 1.3875 means Canadian exporters maintain competitive pricing for US buyers, particularly beneficial for Toronto and Hamilton's steel scrap operations.
Gold — Safe-Haven Indicator
- Gold: Price unavailable.
Gold's steady climb continues as heightened West Asia tensions drive safe-haven demand, with scrap sellers in Toronto and Vancouver benefiting from sustained buyer interest. The deepening geopolitical crisis that's already pushing oil higher is reinforcing gold's appeal to investors seeking protection from supply chain disruptions and economic uncertainty. Canadian jewelers and e-waste recyclers should expect steady pricing from buyers, though sellers should monitor how quickly tensions escalate as this could accelerate gold's upward momentum.
Silver — Industrial & Precious Hybrid
- Silver: Price unavailable.
Silver markets remain under pressure as West Asia tensions continue driving up energy costs, making recycled silver more attractive compared to energy-intensive mining operations. Scrap sellers across Toronto, Montreal, and Vancouver should note that while silver's dual role as both precious metal and industrial commodity creates volatility, electronics recyclers may find stronger demand from manufacturers looking to avoid supply chain disruptions. The ongoing geopolitical uncertainty that pushed oil higher is creating a complex backdrop for silver, where industrial users increasingly value secure domestic recycling sources over uncertain overseas supply chains.
Precious Metals (PGM) — Screen Indicators
- Platinum (Pt): Price unavailable.
- Palladium (Pd): Price unavailable.
- Rhodium (Rh): Price unavailable.
Without pricing data available for platinum, palladium, and rhodium today, scrap sellers across Toronto, Montreal, and Vancouver should expect buyer quotes to remain on hold until market conditions stabilize. The deepening West Asia crisis that pushed oil to $107.51 per barrel is creating uncertainty in automotive and industrial sectors that drive PGM demand, making buyers cautious about committing to firm prices. Given my recent observation that palladium momentum has faded as predicted, sellers should wait for clearer market direction before negotiating major transactions with processors in Calgary and Hamilton.
Copper — Current Indicators
- Copper: Price unavailable.
Copper pricing data is temporarily unavailable today, but the escalating West Asia crisis that pushed oil to $107.51 per barrel is creating upward pressure on scrap values across Canadian markets. With supply chain disruptions rippling globally and higher energy costs making virgin metal production more expensive, recycled copper becomes increasingly attractive to buyers in Toronto, Montreal, and Vancouver. Sellers of #1 and #2 copper, bare bright wire, and mixed copper should expect buyers to adjust their pricing strategies as the geopolitical situation develops, though my recent analysis shows copper has been under pressure when data was available.
Aluminum — Current Indicators
- Aluminum: Price unavailable.
Aluminum pricing data is temporarily unavailable today, but scrap sellers across Toronto, Montreal, and Vancouver should remain alert as geopolitical tensions continue driving up oil costs to over $107 per barrel. Higher energy expenses typically make recycled aluminum more attractive to buyers compared to energy-intensive primary production, which could benefit cast, sheet, and extrusion sellers once pricing stabilizes. Given my recent observations that aluminum showed upward momentum last week, Canadian yards should prepare for potential price adjustments when data feeds resume normal operations.
Steel Scrap (Shredded (SHS), scrapmonster) — Current Indicators
- Steel Scrap Shredded (SHS) (SCRAP-SHS): $413.00/mt, flat day-over-day. Previous close: $413.00/mt.
- 5-day trend: → flat over last 5 sessions.
- HMS 1&2 (80:20) (SCRAP-HM): $366.00/mt (flat day-over-day).
Want to move PGM-bearing material, copper, aluminum, or steel scrap through competitive bidding? List your lots on SMASH Recycling and let vetted Canadian buyers compete for your scrap.
