> ~$5/lb

Copper sells over $6 per pound these days: https://www.kitco.com/price/base-metals/copper

I’d say $6 is == ~$5

The scrap price is what you get for bringing scrap copper to a recycler.

Not an expert, but I assume $5/lb is the peak value for dropping off nearly perfect condition copper. Not sure how much they’re actually getting for stripped copper wire.