The value of scrap copper is primarily determined by its copper content and purity levels. Buyers should distinguish between Grade 1 (Millberry), which consists of clean, untinned, uncoated copper wire (usually >99% purity), and Grade 2, which may contain oxidation or coatings. For insulated cables, the recovery rate (copper yield) is the most critical metric; for example, a high-quality power cable might yield 35% to 70% copper after stripping. Always request a spectrometer analysis report or a third-party assay (such as SGS) to verify the chemical composition and ensure impurities like lead, iron, or aluminum are within acceptable limits.