5 Top Strategies for Making Money Recycling Scrap Metal

• Sort the Metals

Not all metals are created equal when it comes to scrap metal recycling in Davenport. Non-ferrous metals such as copper, aluminum, and brass fetch higher prices because they have a higher demand in various industries. In addition, these metals retain their properties even after repeated recycling. Even within non-ferrous metals, there are further distinctions that impact value. For instance, clean and unalloyed copper will be worth more than copper mixed with other materials. To maximize your earnings, separate metals into distinct categories. Scrap metal recyclers offer higher prices for clean and sorted metals.

• Do Your Research

Just like with other products, the prices of scrap metal fluctuate depending on the time of the year, global demand, and economic conditions. If you’re looking to make more money recycling scrap metal, keep track of the current market values to know when to sell. Compare prices from multiple scrap metal buyers and take into consideration the transportation costs to the yard. You can monitor trends in the scrap metal recycling industry on websites that focus on the recycling and metals industries. 

• Explore Various Sources of Scrap Metal

If you’re collecting scrap metal as a side hustle, you’ll want to go a step further and explore various sources of scrap metal. Some of the common sources include construction and demolition sites, auto repair shops, appliance repair shops, and industrial businesses. You can also reach out to local contractors, take part in community cleanups, and check online marketplaces to increase your haul. It’s advisable to invest in essential tools like magnets, gloves, safety glasses, and a reliable vehicle for transportation.

• Remove Impurities

Impurities like dirt, paint, or non-metallic attachments can reduce the value of scrap metal. Make sure you clean and separate the materials to make things easier for recyclers. Remove insulation from copper wires and detach steel components from aluminum. Clean metal is more desirable for recyclers, and they will be more than willing to offer better prices.

• Accumulate Large Quantities

Scrap metal buyers offer better prices for larger loads. It’s best to consolidate your scrap metal and store it until you have a large amount. You’ll save on transportation costs and negotiate for better prices. As with other ventures, transportation accounts for a substantial part of the operating costs. This is why we recommend you invest in a reliable vehicle and try to consolidate loads to minimize costs. Also, proper storage helps to maintain the value of scrap metal and prevent contamination. 

Just Scrap It: Trusted Scrap Metal Buyers

Just Scrap It is a top-rated scrap metal recycling company that makes it easy for you to turn unwanted items into cash. We offer fair prices for scrap metal and convenient pickup, making the recycling process hassle-free. You can rest assured that the scrap metal will be processed in a sustainable manner and in compliance with all environmental regulations. Give us a call to learn more about our services.