The worth of different scrap metal types generally depends on supply and demand. When more people need a particular metal, its value will rise—especially if it is harder to procure raw. On the other hand, if there’s a surplus and not many are looking for it, then its price will go lower. World politics also plays a part since we trade with other countries. For instance, if a major exporter won’t trade with the U.S.,  the prices for the types they trade will rise here.

What Scrap Metals Usually Have Higher Prices than Others?

While prices do fluctuate, metals like steel, copper, aluminum, and lead usually fetch a decent price because industries will always find a use for them. Let’s take the automotive industry as an example. Steel and aluminum are used in parts like the chassis, frame, doors, hoods, and engine parts. Meanwhile, copper is used for the wiring in electronics and lead is found in batteries.

How Can You Make Money From Scrap Metal?

A popular way to earn cash from scrap metal is to take it to a trusted junk yard or recycling center. These establishments will buy them by the pound and are always updated on the latest market prices. They also take factors such as transportation and processing costs when offering you reasonable prices in exchange for your scraps.

Got an old automobile lying around in your garage or property? Bring it over to T&S Automotive and they’ll get all the scrap metal and old car parts they can out of it and pay you on the spot at fair rates. Since 2000, these metal recycling specialists have been buying junk cars from people in Thomasville, NC, and the surrounding areas. You can trust this family-run team to cater to your needs every time. For inquiries, you can message them online or call (336) 882-7989.