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Recycling is a phenomenon that’s not unique to the US, it a universal concept. Most people realize that by recycling things of value, we save money and save our environment. Scrap metal is one of the resources that are recycled regularly. In fact millions of tons are recycled annually. When it is collected it looks like trash, but when it’s recycled it becomes a shiny new piece of fishing equipment, part of a building or a new bicycle.

The scrap metal buyer looks for metal mixed with iron and without any iron components. The buyer buys both ferrous and non-ferrous metals. The scrap metal prices vary based on the metal purchased. Some metals appear more lucrative, like copper which can get a precise of up to $1.50 per pound, while lead is just a few cents per pound. But, keep in mind that lead is a lot heavier than copper. So the possibility of higher pay for the lead is very possible.

A scrap metal buyer has the good fortune to be in a lucrative and Eco-friendly industry where discarded items can be recouped for a profit and recycled. A good way to grasp the extent of the industry’s value is to look at the aluminum can. Aluminum is the most commonly recycled metal and recycled aluminum saves 80% of the energy used to produce new aluminum. Aluminum is also the most valuable of all household products as Americans discard 46 billion aluminum cans annually. That translates into approximately $12 for 50 pounds of cans to the collector and $800 million paid to the recycling industry.

With most scrap metal companies in America, each paying the scrap metal price of $1.50 per pound for stripped copper collecting scrap metal be a full-time job for the right person. The scrap metal recycler can take their own discarded cans or copper wire to the scrap metal company like Industrial Surplus Inc and recoup some of their original cost. The 1-2 cent reimbursement for a recycled can may not seem like much, but if you were throwing away 50 cans and could get $12-15 for them instead, wouldn't it be worth it to recycle. 

Let’s not forget the biggest piece of scrap metal we discard, the car. The car can be recycled for its trim, hub caps and transmission housing to get the aluminum, it’s battery for the lead and it’s catalytic converter for the platinum pellets inside worth $150 -$200. The car’s body is also recycled for the steel. Thirteen million automobiles go to the scrap metal recycler each year.

With the entire population of America contributing to the production of scrap metal, the industry is poised for a long and profitable life. Companies with the standing of Industrial Surplus Inc and the scrap metal buyer in Aurora, CO can rest assured that they will prosper. And the little guy who reclaims odds and ends from discarded items will continue to earn the fair market scrap metal prices for his collection.

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