Do you know that the rate of copper recycling is comparatively higher than any other nonferrous metal recycling? Approximately 75% of the copper consumed in the United States comes from scrap yards rather than extracting from virgin ore. In fact, the value of recycled copper is as much as 90-95 percent of the originally drawn copper, making it one of the most valuable and highly-priced metal scrap across the board. In addition to preserving natural resources in the earth for the forthcoming generation, copper scrap has many more advantages to the environment and current scrap metal market. Yes, you read it right! The scrap copper prices Sydney is much more than any other recyclable metals and this price keeps on fluctuating every once in a while. Here's why copper recycling is far better than the extraction of the pure metal.
Reduction in the mining process
The higher the amount of copper recycled, the lesser the requirement for mining the same. Copper mining has always been a tedious task. Not only it is a time-consuming procedure but it requires a considerable amount of energy and fossil fuels. As per the recent reports collected from the Copper Development Association, United States import a very less amount of copper and that too for the production of copper wire (which couldn't be carved out of recycled copper).
Copper refining
It is very obvious that refining the pure metals lead to the emission of hazardous gases and dust into the atmosphere which further pollutes the environment and degrades the quality of the air. As copper in its scrap form is already treated with melting, refining, and mining, it does not release any toxic gases when recycled. As per the famous research, copper recycling saves more than 85 percent of the power consumption required for processing a fresh copper. What's more? It also diminishes the total amount of waste generated out of the melting and refining process.
Scrap copper prices are generally higher than other metals
As discussed above, scrap copper is sold at much higher rates comparing to other ferrous and non ferrous metals. Due to its excellent properties and traits which aren't compromised at all even after a hundred rounds of recycling plays a significant role in ramping up copper scrap prices Sydney.
However, there are also other vital factors that determine the scrap rates including but not limited to the market factors, quality of the scrap, it's quantity, and even the transportation and other costs in your area.
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