Scrap Copper Price Continues to Rise – Learn Why
Copper has become one of the most important metals especially in the automotive industry. Without it, there would be no cars and trains. But as with many precious metals, getting this metal is labor intensive and requires a great amount of money. It is for this reason that industries recycle copper for reuse. And as prices of fine copper fresh from mines rise, even scrap copper price rise as well.
Many people don’t see the wealth in buying and selling these scrap metals. Just take a walk in public areas and you will surely notice that there are so many metal items discarded everywhere. These items, especially copper wire, have actually value. If you accumulate 50 pounds of recycled copper, you will get $100 USD instantly if the scrap price is $2 USD per pound. You might say, “That amount is peanuts for a 50-pound metal.” Many people don’t realize …
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