Iron is a brittle, hard substance and the most abundant of all metals. Iron is the 4th most common element found in the Earth’s crust, and Earth’s core is thought to be composed of iron. It is also abundant in the sun and stars.
SCRAP NEWS | WE KNOW SCRAP
With copper prices rising and worldwide demand increasing, we won’t be surprised to see a quick decrease or a fast increase coming soon.READ MORE
When you are looking to make the most money on your scrap transformer, we almost always suggest taking apart at least the copper transformers, and you should consider taking apart the aluminum ones if you have the right time/experience/tools.READ MORE
We have seen an unprecedented run-up of copper prices to a level that has not been seen since the middle of 2011. These markets running up are not as impressive as the run-up back in 2011 for many reasons that we want to go over. Don’t get us wrong – we love seeing copper prices […]READ MORE
Over the years the Chinese have been buying and taking all types of commodities from all over the world and they have been accruing worldwide assets along the way. Those assets could be mines, ports, or large investments in overseas companies with a partial or a controlling interest. Why this becomes so important is when […]READ MORE
So many people have asked us over the years about the value of catalytic converters and why they are so expensive. When people look at catalytic converters they see a magnetic stainless steel shield on the outside and they always hear about different numbers that are stamped or pictures that catalytic converter buyers look for. […]READ MORE
Increased prices have been fueled by increased demand in the world’s economic recovery. We have seen scrap yards increasing their prices over the last couple of weeks by about $0.30/ lb. on copper #1 and #2 on average. On top of this, we have seen a continued push for higher prices across all aluminum markets, and these price increases could continue throughout the rest of the year.
With copper leading the way over the last week, with gains of $0.20 per pound, we have seen all reported prices jumping. More importantly, we continue to see the aluminum market gaining steam and momentum moving forward.
Normally aluminum that is being reused and recycled (do not mistake this for raw bauxite ore from mining operations), goes through many steps before it gets put back into circulation. One of the first steps would be collection and sortation.
For the last few weeks, copper seems to go from being the most talked-about subject to the most boring one. The best news is that it is exactly how we like it to be. Copper prices have barely moved over the last few weeks, with very minor up or downswings, which has shown stability in the market for the first time in months.
Over the last week, we have watched copper, which has been relatively calm (other than some strikes in different mines that caused large jumps in the market.
Every month the iScrap App is going to be featuring a Metal of the Month. We are going to be exploring the various metals or materials based on their history, how to find them, how to recycle them, and how to make the most money on them. To start off the new series, what better metal to start with than COPPER. This month we explore some of the ways you can find copper and also sort it when scrapping.
Copper from 1980 through 2005…Copper has become one of (if not) the hottest commodity going into 2021, with the markets drastically going up during the last 6 months of 2020 and into 2021. For many years during the 1980s, 1990s, and early 2000s, copper was one of the most underappreciated metals.
Everyone’s heard of fool’s gold as a kid, where you found a rock that was spray painted and you thought you hit the jackpot, but turns out…it was only a rock. Fool’s Copper typically comes in the form of electrical different pieces of copper. Bare Bright, any scrappers dream, can be mistaken for copper-clad pieces […]
JUMP TO NON-FERROUS JUMP TO FERROUS We’ve been cookin’ something up… 🤫 Well, we have a bit of a secret, but we won’t share it quite yet. Here’s a hint: if you like scrap, like to hear never-before-told stories, and learn how to make more money, then you should pay attention these next few […]