We all have a fair idea about scrap metal – but do you know that scrap metal can be divided into different types, with each type having a certain monetary value? Scrap metal can, in fact, be a valuable resource that has become very popular in recent years because of its profitability and eco-friendliness. The best part is that it can be found almost anywhere, in various locations and forms, from discarded cars and trucks to old and discarded electronics, various appliances, and household items. But what do you really know about scrap metal, and what are the different types of scrap metal around? More importantly, how can you earn money from it? Let’s find out all the important details today.
- Ferrous metals
Ferrous metals have iron, and they are the most commonly recycled metals of all. Examples include wrought iron, cast iron, and steel. Most ferrous metals are found in old appliances, construction sites, and industrial waste. Because they have a high demand and are abundant, they tend to have a lower price per pound (especially when compared to non-ferrous metals). However, they are still profitable and can be sold for cash at a local scrap yard, as confirmed by recycling specialists such as Langley Recycling KC.
- Non-ferrous metals
Non-ferrous metals are those that do not contain iron – and therefore have more value than ferrous metals because of their rarity. Some examples of non-ferrous metals include copper, aluminum, nickel, brass, and lead. You can often find them in plumbing fixtures, electronics, and electrical wiring. However, since they are not as abundant, they often have a higher price per pound than ferrous metals. That said, non-ferrous metals can be a viable source of income for those who recycle them.
- Aluminum
The third most popular kind of scrap metal is one of the most common – and it can be found in many different forms, including gutters, soda cans, siding, and car parts. Because it’s light and durable, aluminum is widely used in various sectors and industries. And it is 100% recyclable and can be recycled repeatedly without losing quality. Because of this, recycling aluminum can be a profitable business venture.
- Copper
Copper is another valuable non-ferrous metal that can be found in electrical wiring, plumbing, and roofing materials. It is highly conductive and corrosion-resistant, making it an ideal material for various applications. Due to its high demand, copper can fetch a high price in the scrap metal market.
- Brass
Brass is another non-ferrous alloy made of zinc and copper, and brass is usually found in musical instruments, plumbing fixtures, and decorative items. It is highly corrosion-resistant, which makes it an excellent material for outdoor applications. Because of the demand for it coupled with its unique properties, brass can also be a valuable source of income.
Making money from scrap metals
You can make money from scrap metal by collecting it from construction sites, junkyards, and discarded electronics and household items. Once you have enough, you can sell it to a local scrap yard. Scrapyards will pay based on the quality and weight of the metal, so it’s essential to separate the different types – and clean them before selling them off.