Posted on: 17 January 2019Share
Recycling metals can be a great way to generate some extra cash each month. Copper wire can be particularly valuable given that it is easy to recycle and contains a high copper content.
Focusing your recycling efforts on copper wire can be a simple and effective way to boost your metal recycling revenue. Ensure that you are taking the proper steps to maximize profits when recycling copper wire in the future.
1. Partner with local construction companies.
In order to begin cashing in on copper wire you need to have a supply of wire to recycle. Sourcing copper wiring can be challenging, but you can alleviate some of the stress associated with sourcing wire by partnering with local construction companies.
Copper wire can be found in abundance on new construction sites. The primary use for copper wire is as a conduit in electrical systems. Many construction companies are happy to let you take their leftover copper wire for a small percentage of the recycle check you will earn when cashing in.
2. Prepare your wire properly before recycling.
A minimal amount of time invested in the preparation of your copper wire could have a dramatic impact on the value of the wire when it is time to recycle. Most buyers are interested only in the bare wire.
If you have wire that is insulated, the recycling company will need to burn off this insulation before recycling can begin. This extra step requires recycling companies to invest time and money, which can mean less money in your pocket at the end of the day.
Take the time to strip your wire before taking it to your local recycling center. Stripped wire is easier to process and can be more valuable to a recycling facility than insulated wire.
3. Sell your wire when the market is high.
Metals are a commodity, which means their value can fluctuate from one day to the next. You should carefully monitor metal prices when trying to maximize the amount of money you earn from your copper recycling efforts.
Bundle wire together and keep it safely stored so that you can sell when the market is high. Patience when waiting for the value of copper to peak can help you become more profitable.
Recycling copper is a great way to earn money and protect the environment. Make the most of your copper wire recycling efforts in the future.