Although the price of aluminum fluctuates, used beverage cans made from aluminum currently bring anywhere from 28 to 55 cents per lb., as of 2015, states Benefits of Recycling. Recyclers also buy other types of aluminum, such as old mixed aluminum, which brings 29 cents to 38 cents per lb.
In some states, consumers pay a deposit on aluminum cans when purchased at the point of sale. In those states, the aluminum cans can be returned to a recycling or redemption center and redeemed for cash. In the United States, for example, states such as California, Oregon, Michigan and Iowa offer a small refund for cans. In most states, the refund is 5 cents.