For many scrappers, copper is king because of the consistently high value it can generate. The prices paid to scrappers for copper scrap, such as tubes and wire, can command between $2 and $4 per pound, which is significantly higher than other kinds of base metal. Copper is primarily found in electrical wiring, electromagnetic components, and plumbing. Because of its versatility and high-volume usage, it’s particularly sought-after among commonly scrapped metals. However, not all copper commands the same price. There are grades of copper that differ in value, with #1 bare bright copper wiring commanding top dollar. Typically, to get the best price for copper wiring, the insulation must be removed. Keep that in mind when selling copper wire, as the time spent to remove the insulation can result in significantly higher profits.
While not considered a precious metal, brass is coveted for scrap purposes. The reason that many scrappers get top dollar for their brass scrap is that it’s not as widely available as some other metals, such as stainless steel or copper. It’s also much more cost effective to recycle brass than to create it anew given the cost of its components, such as copper and zinc. Brass for scrap can be found in a few primary sources including locking mechanisms, pins, bolts, light fixtures, furniture, household decorative elements, and handrails.
While the price per pound for aluminum may not be impressive on its own, the metal can be lucrative in scrapping because of its widespread availability. Recycling aluminum requires 95% less energy than producing new aluminum from ore, so recycled aluminum can be sold at a much higher profit margin. Therefore, recyclers are willing to pay a little more to keep the supply of aluminum flowing. Also, many modern consumer products are made with aluminum, such as outdoor furniture, hand trucks, and exercise equipment. The prevalence of those products only pushes the demand for aluminum higher, which means salvage yards will pay well to keep a steady supply.
If you’re thinking of getting involved in scrap metal recycling, take the time to educate yourself about the types of metal that can command top dollar for your time and effort. By collecting highly coveted metals in highly valued grades, you can get the biggest return on your investment of time. To learn more about scrapping, contact Fair Salvage Company at (989) 386-7552.
