Economic Use Of Scrap Copper

Copper is a non-renewable resource and as the industrialization of the world continues, we lose more and more of it. Once it finishes, that means we have lost this valuable resource forever.

Therefore there is a need to focus more on the usage of scrap copper.

We mostly overlook the benefits and advantages that one can gain from Scrap Copper as the view is mostly that usage of material leads to its degradation and therefore less quality. Most people do believe that the word scrap mostly means rejected and useless whereas scrap copper can offer us so much more. 

You see that piece of scrap copper lying there in your shed, yard or garage? The one you just dumped there along with your other “useless stuff”? Yeah, that “junk” has a whole lot more value than you think, and as you read on, we would be outlining its various economic benefits to you.

Environmental Benefits

Copper is a highly important and in-demand resource and has always contributed to world civilization. Due to its versatility, copper finds use in practically every aspect of civilization be it commercial, industrial, residential or construction.

And with the ever-increasing demand for the material, there is a need to constantly supply it to the world. This comes at a huge price, however, and this is due to the damage being wrought by the processing of copper ore to the environment. The processing leads to emissions of dangerous gases into the environment such as carbon dioxide.

This is where your scrap metal comes in. You see, when you take your scrap copper to a Scrapyard for recycling, not only do you get paid for it, you also help the environment by reducing the amount of carbon dioxide emitted. This is because the recycling process is much cleaner and does not release as many harmful gases into the atmosphere as processing raw copper does.

It Saves Energy

Scrap copper also has one more advantage over raw copper, and this is the fact that processing scraps consume less energy than processing the raw ore. This less energy consumption translates to less cost on the part of manufacturers, and this is yet another reason why many industries would rather spend money purchasing scrap copper than actually mining raw ones.

Monetary Gain And Economy Boost

Making money is a very important part of everyday life. Did you know recycling scrap copper near you can actually add a huge boost to your finances? Surprised? Don’t be!

You see, getting your scrap copper to a scrapyard or selling it online could help you make quite the extra cash. Before selling your scrap copper though, you would want to make sure the price you are getting is the right one and you are not being cheated out of your potential earnings.

It should be noted, however, that the price for copper often varies from one location to the other. Nevertheless, there is a base market value for it and no scrapyard or dealer should stray too far from these base market values.

 

Listed below is a view of the prices of Scrap Copper around you:

Copper                    $4.00 to $6.00 per Kilo

Mixed Copper          $5.00 to $7.00 per Kilo

Copper Wire            $1.50 to $2.00 per Kilo

Not only does scrap copper help your pocket, but it also aids the economy. 

Here’s a good example. When scrap copper is collected, the scrap would be sorted, processed, melted, purified and solidified into copper bars. All these industrial procedures do not only emit less dangerous gases to the atmosphere but also come at a little monetary cost, and this would have an effect as the final copper product would be sold out to the populace at a reduced price unlike Copper processed from raw materials, those would cost more.

Job Creation

Metal is mostly divided into two types: ferrous metals and non-ferrous metals. Copper is an example of non-ferrous metal, and these kinds of metals are usually significantly more expensive than ferrous metals.

Creating a Scrapyard where scrap copper and other metal can be brought to can be a form of job creation both for you and whatever staff you would be hiring. 

Not limited to that alone, according to the Institute of Scrap Metal Recycling, close to 500,000 jobs have been created by the recycling industry and taxes received from activities of Scrap metal total up to $10 billion in the United States alone. Such kind of revenue can be used by the government to boost the economy and create more jobs for the populace.

Creation Of Space

Scrap Copper can take a lot of space in your yard or garage if just left there, why not take it out and take it to your recycling centre. By taking out your Scrap metal, you inadvertently create space in your garage and homes that would be better served to save other materials.

Moreso, by maximizing the economic use of your Scrap Copper near you, you would also help prevent unnecessary landfills that would have otherwise been filled up with scrap copper material that can still be reused or recycled.

When next you take a look at your home, office or garage and you see that piece of copper, your view of it should change from it being wasted material but rather see it for the value it possesses and you should take advantage of it.

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