Contrary to popular opinion, scrap metal recycling is actually a great way to reuse resources and avoid the high economic and environmental costs of mining. Because metal is common in almost any product and item that we use on a daily basis, scrap metal will not easily downgrade. Even so, much more recycling could be done than what is actually happening in the global market. As a matter of fact, only about 30% of metals are currently recycled, meaning that 70% of metals could be recycled, but aren’t.
Learn more about the most commonly recycled scrap metals and their sources so that you can make sure that you’re sustainably and efficiently recycling as much as possible. As an added bonus, scrap metal recyclers pay for metals that people bring in. If you collect your scrap metal, over time, you can make some additional income. Check out the list below to see if you might have any of these most commonly recycled metals on hand:
This metal, once used commonly for pipes, barbecues, gas heaters and more can be found in older items around the home or industrial site. Because iron is highly corrosive, newer, more resistant metals such as steel have replaced iron as the top pick for many items. But, it is still useful for scrap metal. It can be melted down and used for creating new items.
Steel is one of the most widely used metals in large appliances and products. Cars, chairs, shelves and household appliances are just a few of its many uses. It is also often used for construction purposes. You’d be surprised to know that many cans you find in the supermarket are also made of steel. Both steel and iron have magnetic properties, making them some of the easiest metals to recycle. This is because impurities are easily separated from the metal with the use of a strong magnet.
Aluminum is popularly known for its use in making aluminum cans for beverages. However, this versatile metal can also be found in car parts, window pieces, siding, gutters, doors and more. This common metal is also frequently recycled. It’s especially known for its quick turnaround time from scrap metal to consumer product or packaging. Aluminum can go from scrap metal to the supermarket shelf in as little as 60 days!
This heavier metal is a combination of zinc and copper. It is popular for making light fixtures, bathroom fixtures (faucets), door handles, keys and other plumbing pieces. Brass typically commands a higher price than other common metals due to the presence of copper, which is quite valuable.
Copper is a valuable metal that commands good prices as scrap metal. It is used in a variety of applications such as pipes, electrical components, and electric wires. This is the third most used metal in manufacturing, which shows how common it is. Hold on to your old copper and recycle it for some extra cash.
The more awareness about recycling there is, the more scrap metal can be recycled and will eventually lead to a significant reduction in the impact on humans and the environment.
Scrap metal is one of the most valuable products you can recycle, and it encompasses so many consumer products as well as almost all industries. From appliances to batteries to cans to clothes hangers, metal is everywhere even in our home and workplace. Recycling metal is important not only in keeping a limited supply material out of landfills but also because it can make you money while staying environmentally conscious.
Metal Recycling Preparation
When it comes to scrap metal, the general rule is that a product needs to be at least 50 percent metal so you can be sure that it is safe to be used again and again. Even if that metal is surrounded by other materials like plastic, it’s worth recycling if it’s made mostly out of metal mainly because it is in demand almost everywhere.
If you have products with only a small amount of metal but it’s easy to remove, make sure that you could easily separate the metal without getting it contaminated. For example, a plastic three-ring binder is not scrapped metal, but remove the metal rings because it could be used again.
Scrap metal is classified as either ferrous which contains iron, such as steel and nonferrous. So, you will want to identify whether your metal is ferrous or nonferrous. The way to do this is to carefully organize and categorize using a magnet. Ferrous metals stick to a magnet while nonferrous metals don’t.
You may also use WM’s recycling directory, which is one of the most reliable in the industry, to find a scrap metal recycler, and contact the company or visit its website to find out how much they are willing to pay for it and if there’s a minimum amount of material you need to bring.
Keep in mind that most scrap metal recyclers will require you to bring identification when you ask for a recycle in order to prevent people from stealing scrap metal (e.g., road signs, metal barriers) and selling it for scrap.
Find scrap metal drop-off locations near you using an app which enables recycling locator.
Why Recycle Metal
Metal is also one of the few items that you can regularly recycle for money. However, the catch is you will usually get paid by the pound. This makes it a great fundraising opportunity as well as a perfect project for charities and advocacies.
Nonferrous scrap makes up only 10 percent of the total material recycled in the U.S.; however, it earns more than half of scrap recycling revenue.
Metal is in limited supply, and while we can manufacture more glass and plastic from natural resources, we can’t make more aluminum, copper, and steel.
WM Metals and Alloys processed waste materials on an industrial scale with years of experience and expertise, selling the recovered metals and other raw materials worldwide. The use of recycled materials is environmentally friendly, which significantly reduces mining, environmental pollution, and energy consumption. Depending on the metal in question, the use of recycled metals as raw materials reduces energy consumption up to 60‒95%.
So if you are interested in buying alloy scrap or selling a quantity of alloy scrap, please do not hesitate to contact us at +65 86182069 or email@example.com.
Scrap metal recycling can be a bit confusing for some, especially when you have little to no knowledge when it comes to metals. There are all sorts of different scrap metal classifications, grades, and types of metals that can make things easier if you’re just starting out. While it all seems irrelevant, it’s important to know what type of metal you’re dealing with in order to establish a strong foundation for your business.
Whether you’re building a structure from recycled scrap metal or just trying to recycle some scrap metal for extra cash, knowing scrap metal classification will eventually help you develop your business.
Although scrap metal is often considered waste, it is still a valuable product and a popular commodity to very much all industries. However, before you start recycling, it is essential that you understand the different classifications.
Types of Scrap Metal:
There are numerous types of basic metal and almost thousands when you get down to the nitty-gritty classifications. When you know the types of scrap metal you are dealing with, it’s easier to know what you can and can’t do with it, where it’s commonly found, and what could it bring to the table.
Aluminum is one of the most commonly recycled scrap metals. You can find aluminum in soda cans, food wrap foils, screen door frames, or storm windows—just to name a few items.
Brass is a common metal to find in and around your home. You can find it in places such as your doorknobs, brass-plated crockery, and old bed frames.
If you have many tools, you will find carbide in the tool bits or drill bits. So if you get a new toolset for Father’s Day or just replacing broken pieces, remember that you can recycle them instead of tossing them in the trash.
This is the third most used metal in construction and manufacturing. Copper is highly valuable and sought after. This metal is commonly found in your household plumbing, living room decor, appliances, kitchen sinks, pots, and electronic wiring.
Common household items such as cast iron pots and pans, lawnmowers, swings in your backyard, and iron railings are perfectly acceptable as scrap metal. A lot of outdoor furniture is also commonly made of iron.
This requires so much energy to mine that manufacturers prefer purchasing recycled lead because it saves time and money. It is also a highly toxic metal, so be sure to protect yourself and your surroundings when handling it. Many older houses were made with lead water pipes which need to be replaced as soon as possible, as these are dangerous to your health.
This is used in just about everything, from jewelry to airplanes, and that’s why it’s so valuable. When you have a metal that is so versatile you can use it on a number of projects. It’s also very durable and resistant to corrosion.
Today, WM Metals and Alloys have built recycling expertise over a hundred years. We have excellent material know-how, specialist expertise, and passion for the environment which continues to help develop a more efficient and more precise way of metal scrap recycling. We have also minimized the amount of waste going to landfill — currently able to recycle about 90% of the materials we collect ‒ and in some cases even more.
So whether you need to buy alloy scrap or sell a quantity of alloy scrap, please do not hesitate to contact us at +65 86182069 or firstname.lastname@example.org.
As we welcome the year 2020, businesses all over the world will surely look back and marvel at how gold price had stormed back in style. Since 2019, gold price had surged 17% to reach a six-year high. The last time that gold price was in such bullish form was 2009 – 2011, which was the tumultuous period in the aftermath of the Great Financial Crisis and European debt crisis.
Since 2011, global loose monetary policies and low interest rate environment caused gold price to fall from a record high of USD1900 to a low of USD1068 per ounce in 2015. The crash of gold price was the result of recovering US economy and strengthening of US dollar.
What everyone needs to know now is whether gold price will reach another high in 2020. The clamor is caused by the absence of another alternative safe haven for financial assets, and gold has always been used as a form of hedge against uncertainties and volatility in the financial markets.
Forecast for gold price in 2020
- Interest rate: One of the driving factors for gold price in 2019 was the interest rates, which was cut three times by the US Federal Reserves. As gold does not yield interests, investors tend to switch to higher-yielding instruments like bonds when interest rates increased. Conversely, when interest rates dropped, investors are more likely to look at investing in gold.
Of course, one shouldn’t view interest rate as the sole function of gold price, which can be affected by a number of factors. But having a decreasing interest rate environment is likely to bolster the form of gold price. Given that many analysts are predicting the US Federal Reserve to make a few more interest rate cuts in 2020, I believe gold price could benefit and continues its momentum.
- Geopolitical tensions: Much attention had been placed on the trade war between the United States and China. This is understandable as they are the number 1 and 2 largest economies in the world. Despite reaching a Phase One trade deal, a large portion of the tariffs remained in place. To complicate things, part of the trade deal involves the transfer of technologies between US and Chinese firms. Both sides are not willing to compromise on their principles.
And because of this situation, gold price could stand to benefit as well because investors are likely to buy gold to hedge against market volatility.
- Brexit: All eyes are on the outcome of the long-running Brexit saga. An orderly exit will make the exit of the UK from the EU less painful. But surely, the UK will see growth being impact as a result of the divorce. To mitigate this, it is likely that England central bank will cut interest rate. This move, if materialized, could favour gold price.
- Central bank buying: According to the latest World Gold Council report, “on a year-to-date basis, central bank net purchases totaled 547.5t at the end of September, 12% higher than over the same period in 2018”. The data from the World Gold Council is certainly encouraging and illustrates the confidence of big boys in gold.
Although governments had decoupled gold from the monetary system, the precious metal still hold a great influence on central banks. This is because many governments are turning to buying gold bullion as a form of diversification to holding foreign currencies. Such long-term strategic initiative will bode well for gold price.
In Singapore, the gold market ecosystem grew substantially with the removal of GST on investment grade precious metals in 2012. Being a country with a low crime rate and strong jurisdiction system, Singapore is viewed by many international wealth builders to be the best place to buy and store gold bullion.
If you want to get into the scrap metal and scrap iron trade, knowing the difference between ferrous and non-ferrous metals is highly important. More importantly, you need to be aware that not only can you profit from trading metals, you can also help the environment by contributing to ferrous and non-ferrous metal recycling, which can help separate harmful and contaminated parts out of the environment.
If you’re interested in recycling scrap metal, the first step is to identify the difference between the two key types of scrap: ferrous and non-ferrous metals. There are different types of each and they’re used in different ways by almost all industries in the world.
Let’s take a closer look at how both of these metals are used today.
What are ferrous metals used for?
Ferrous metals are considered as alloys — this means that they are made from a combination of several different metals. Known for its strength and durability, ferrous metals can be easily spotted in the construction industry. Skyscrapers , shipping containers, and even industrial piping all use carbon steel or commonly known as as structural steel.
Ferrous metals have a particular magnetic component, which makes them particularly useful for electrical applications. However, ferrous metals have a high carbon content, which means they can rust more easily when exposed to moisture.
Ferrous Metal Recycling
Other forms of ferrous metals include:
- Steel, which serves to harden the iron.
- Carbon steel, which is common in machine tools.
- Alloy steel, a popular metal used in construction projects.
- Cast iron, frequently found in water pipes and automobile engines.
- Wrought Iron, used often in creating nails, chains and barbed wire.
- Steel, 100% recyclable and, depending on its life-cycle, can be used again and again.
What are non-ferrous metals used for?
Non-ferrous metals are known to be very light; however, its strength makes it extremely durable. That strength and durability combined with their light weight, is appealing especially for the airline industry.
Moreover, its biggest advantage is its malleability, or ability to be pressed out of shape without breaking.
With the absence of iron content, it gives them a higher resistance to rust and corrosion, which is why they often get used in roofing projects or in creating outdoor signs. More importantly, it is also non-magnetic, which is why they get used in a lot of electronic and wiring applications.
Non-ferrous Metal Recycling
Other forms of non-ferrous metals include:
- Aluminum, used for building cars, railways and kitchen utensils.
- Copper, principally used by the electrical industry for wiring and other conductors
- Lead, widely used in electrical power cables, batteries, and the construction of buildings.
- Zinc can be machined easily and is widely used in galvanizing
- Tin is commonly used to make tin cans for food.
According to data from USGS and the Commerce Department, in 2017 the United States was able to achieve more than 8.5 million metric tons of non-ferrous scrap. ISRI estimates that this non-ferrous scrap was worth more than $30 billion, enough to sustain the environment protection regardless of the presence of industries.
Both ferrous and non-ferrous metals are common in most products manufactured in the world. They can easily be found everywhere, including homes, cars, and office buildings. Any business going through a remodeling or reconstruction project, or replacing aging pipes or electrical systems, chances are you have scrap metal available that can be recycled.
Your scrap metal can provide you with additional revenue. It can also provide all of us with a cleaner and healthier environment.