Scrap metal recycling is not only great for the environment but also beneficial to the individuals that collect the metals and hand them in to the recycling centres, as they get to make a little money on the side. With that said, it is unsurprising that more and more people are garnering interest in cash for wires, as this presents them with the opportunity to make some fast cash from metal wires that are no longer in use.
However, you should know that the different types of wires will fetch varying prices. So if you want to maximise profits, you should prioritise copper wires over other metal supplies. This article outlines a couple of the leading reasons why you should source scrap copper when seeking cash for wires.
Copper wires are widely available
Unquestionably, the foremost reason why you should focus on collecting copper wires over other metal supplies is that this material is readily available from a multitude of sources. This easy accessibility can be attributed to the characteristics of copper wiring that makes it ideally suited for a range of applications. A few of these characteristics include thermal conductivity, electrical conductivity, ductility, rust resistance and more.
Consequently, copper wires can be extracted from speaker cables, electrical wiring, guttering, plumbing hardware and so on. Take note, though, that when sourcing copper wires from insulated cables, it is highly advisable that you strip away the copper since this will be more valuable than its insulated counterpart is.
Copper wires are highly valuable
The second reason why you should solely focus on collecting copper supplies when seeking cash for scrap wires is for their financial worth. Certainly, the cash value of the copper wires will be highly dependent on the grade of the copper. Nonetheless, this value is still higher in comparison to other metal wires. However, there are a few things to bear in mind when it comes to the actual amount of money that you can receive. For starters, as mentioned earlier, non-insulated copper wires are more valuable than the insulated variety.
In addition to this, the amount of stock that a recycling centre currently has will also affect the price of the copper wires. The more stock available, the lower the buying price of copper wires and vice versa. Lastly, the international market prices will also influence the amount your copper wires will fetch. The higher the demand in the global market, the more money you can make when you seek cash for copper wires.