Metals are used in countless everyday products, though once the products are out of commission, the metal is no longer in use. This leads to many people hanging on to metals or the metal being discarded into landfills where the metal cannot be recycled into new products. This is where scrap yards come in great use. Scrap yards collect used metal that has been used in products like computers, automobiles, wires and silverware.
Those that discard their unused metal to a scrap yard are reimbursed with the value of the precious metal in the product. The scrapyard then properly handles the scrap metal so that they are recycled and used in new products. The scrap yards sort out the metals that they receive by the types of metal and then crush them so that they are easily compacted.
The metals also must go through a purification process where any excess plastics or impurities are removed. The metals are then melted and reshaped into bars and bullions for easy transportation and manufacturing. Discarding scrap metal to a scrap yard is the proper way to dispose of scrap metal, and it ensures that the scrap metal will be put into circulation again. By bringing your metal scrap to scrap yards, you can make money and recycle the materials at the right place.
Almost every metal used in daily products can be recycled. Scrap metal yards receive all types of products from industries all across the board. The electronics, architecture, and other trade industries have a large amount of scrap metal that needs to be disposed of daily, on top of the individuals that have home products that need to be discarded. The main classifications for scrap metal are non-ferrous and ferrous. Both classifications can be recycled, but they must be handled differently.
Ferrous metals are magnetic because of their high iron content and have less value than non-ferrous metals. Non-ferrous metals are not magnetic and have a higher value. Non-ferrous metals are the most common scrap metal to be recycled. Steel and aluminum, specifically, are the most common non-ferrous recycled metals.
For a product to not be accepted or recycled, it would have to have less than 50% metal. If the product does not have enough metal content in it, the metal itself can be separated from the product before being disposed of. The only other metals that are not accepted by scrap yards are any that contain mercury, pots and pans, propane gas tanks, radioactive metal, and paint cans with traces of paint.
Recycling metal is very beneficial to the earth’s environment and economy. Scrap metal recycling is very quick and efficient in bringing metals back into new products and circulation. In two months, an aluminum can is recycled and reused. Extracting metals from the earth takes a lot of energy, produces mass amounts of carbon emissions, and depletes biodiversity. Recycling scrap metals uses up to 90% less energy than extracting virgin metals and reduces the need for extraction.
Recycling metals also reduces landfills and improves the economy. The high demand for metal with the low number of resources for virgin metal combine to fluctuate the prices of metals constantly. Recycling scrap metals stabilize the prices, and the scrap yards create more job opportunities.
Scrap metal prices tend to fluctuate pretty regularly depending on the supply and demand of the specific metals. Many products are dependent on certain metals that affect the demand for metals and how often they are recycled. Scrap yards price metals by the pound, and adjust their prices based on the type of metal and if they are ferrous or non-ferrous. Scrap yards also adjust their prices on metals based on the labor costs of sorting and recycling the metal.
Many online resources detail the different prices of metals depending on each type. These resources update their prices regularly to stay current on the fluctuating supply and demand.
Many sites separate their prices based on metal categories like the lesser-priced metal of copper and brass (ranging from $0.13 to $2.40 a pound) to aluminum ($0.15 to $0.34 a pound). They also detail the prices of car parts like batteries and catalytic converters.
When trying to find out the best scrap metal prices, be sure to search the prices of local scrap yards and recyclers. The metals have their innate value, though scrap yards determine their prices on both labor costs and location. Many scrap yards need to transport their scrap metal to another location for further processing. Depending on the scrap yards location, the transportation costs could be more costly than other scrap yards. The price of labor and business costs also fluctuate depending on location, which can lower the scrap metal prices.
To properly dispose of scrap metal, find a scrap yard that accepts the metal that must be recycled, and research the requirements that each scrap yard has. Each scrap yard’s regulations are dependent on the company and the location. Certain states have laws requiring payment and identification to prevent the theft of scrap metal. There are also state regulations that mandate the recycling of electronics like laptops and computers. It is also important to research scrap yards qualities of honesty, fair pricing and communication skills so that scrap metal recycling can be done ethically and honestly.
Majestic Corporation has been a leading precious metals recycling, non-ferrous metals and Catalytic converter provider for around five decades. With a presence in the United States, United Kingdom, Malaysia, Italy, Mexico, Australia, Hong Kong and more, as well as a network of precious metals refineries around the world, we work with major customers and partners in a transparent and discrete manner and only offer the highest quality services at competitive prices.
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