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Turn Scrap into Cash: The Most Profitable Items to Scrap
Scrapping can be a great way to make more money and increase your income. In this article, we’ll take a look at the 23 most profitable scrap metal items in order to make the most of your efforts.
From metal and electronics to building materials, you may be surprised at what you can scrap and how much it’s worth. Let’s begin!
Great choice! Let’s dive into the criteria for choosing profitable items to scrap.
Selecting Profitable Items to Scrap: Our Methodology
Scraping might not be the first thing that comes to mind when you think about small business opportunities, but the truth is, it’s a venture that’s often underestimated. Whether you’re considering starting a scrap yard or simply looking for ways to boost your income, understanding what makes certain items profitable to scrap is essential. At [Your Website Name], we recognize the potential in this industry, and we’re here to shed light on our methodology for selecting the most profitable items to scrap. Our goal is to equip you with the knowledge you need to make informed decisions that can turn your scrap ventures into a lucrative business.
Now, let’s delve into the criteria and importance scale:
- Metal Content (Importance Scale: 8/10):
- The amount of valuable metals within an item significantly impacts its profitability. Items rich in metals like copper, aluminum, brass, and steel are often more lucrative to scrap.
- Market Demand (Importance Scale: 8/10):
- Understanding the current demand for specific scrap materials is crucial. Items that align with high-demand materials fetch better prices in the market.
- Weight and Volume (Importance Scale: 6/10):
- Larger and heavier items may yield more profits due to their increased metal content, but consider the logistics and transportation costs when dealing with bulkier items.
- Accessibility (Importance Scale: 8/10):
- Ease of access to scrap items can affect your overall profitability. Consider items that are readily available in your area or accessible through efficient sourcing methods.
- Processing Complexity (Importance Scale: 6/10):
- Evaluate the effort required to process and prepare the item for scrap. Simplicity in dismantling or separating valuable materials can save time and effort.
- Environmental Impact (Importance Scale: 6/10):
- Strive for environmentally friendly choices. Items that can be recycled with minimal ecological impact are not only profitable but also sustainable.
- Legal Considerations (Importance Scale: 8/10):
- Ensure compliance with local and national regulations concerning scrap materials. Selecting items that meet legal requirements is crucial to prevent any legal issues.
- Storage Space (Importance Scale: 6/10):
- Consider the available storage space for scrap items. Ensure you can manage the volume efficiently without clutter or inconvenience.
- Transportation (Importance Scale: 6/10):
- Assess the transportation logistics involved in collecting and transporting scrap items. Efficient transportation methods can optimize your profitability.
- Value Stability (Importance Scale: 8/10):
- Analyze the stability of the market value for the scrap item. Items with consistent pricing trends are a safer bet for long-term profitability.
The Best Things to Scrap for Money: Scrap Metal Recycling and More!
The scrap metal industry isn’t just about recycling and saving the environment. With mobile business ideas such as how to make money with a pickup truck, junk removal franchises, and manufacturing businesses, it can also be a great way to make some extra cash.
Let’s look at the best scrap metal items and non-metals to scrap for money.
Aluminum and Aluminum Cans
Recycling metals like aluminum and aluminum cans can be a great way to make money. It fetches an average of $0.15 – $0.50 per pound.
Copper Wiring and Copper Tubing
Copper wiring and tubing are some of the most valuable items to scrap. They can earn $4.00/lb.
Brass
Scrapping brass offers a great return on investment at $2.30 to $2.75 per pound. It’s easy to find and durable, making it an ideal material for recycling.
Iron
Iron is abundant, durable, and easy to recycle yielding a decent return at $87.00/ton or $0.0435/lb.
Stainless steel
Resistant to corrosion and easy to recycle, it’s the perfect choice for money-savvy scrap collectors at $0.23/lb.
Lead
Heavy, malleable, easy to cast, and at about $1.00/lb, it’s a great choice for scrap collectors.
Platinum Jewelry and other Precious Metals
Scrapping platinum jewelry and other precious metals can be highly profitable, especially with platinum priced at over $990 per ounce, gold at $1,886 per ounce, and silver exceeding $22 per ounce.
Used appliances
From supplying spare parts to reselling for refurbishment, there are plenty of ways to make money from used appliances.
Old tools
Old tools can be good to scrap for money due to their metal content, including steel and iron. If the tools are in decent shape, you may also be able to resell them.
Computer Parts
From small parts like cables and memory to entire machines, there’s always potential for profit.
Scrap a Junk Car or Car Parts
With metals like aluminum, steel, and copper all able to be recycled for cash, there’s potential for a good return.
Car Batteries
Car batteries contain valuable metals like lead, plus you can often get cash for the plastics too. The average price is $0.22/lb.
Ballasts
Not only are they worth up to $2.10/lb, but they take up no space, so you can make more money per square foot of scrap than many other items.
Nickel
With its strong price-per-pound of $2.50-$3.00 and small size, you can quickly transport nickel to a scrapping yard without much trouble.
Electric Motors
Scrapping electric motors can fetch $0.20-$0.25 per pound. All you need are a few tools and patience.
Bottles
Bottle scrapping can earn about $0.02 per bottle. All you need are some bottles and an easy-to-use recycling center.
Ink Cartridges
Scrapping empty ink cartridges can typically earn between $1 and $5, making it a great way to make a quick buck while also helping the environment.
Clothes
Getting rid of old clothes on online marketplaces like eBay, Poshmark, and thredUP is a great way to both declutter and make extra money.
Cast Iron Pots and Pans
Cast iron pots and pans are among the most profitable items to scrap because of their high steel content and durability, typically yielding around $0.06-$0.07 per pound at scrap yards.
Air Conditioner Units
Air conditioners can be lucrative to scrap due to their copper and aluminum components. Taking it apart and selling scrap metal parts is usually more profitable.
Plastic Scrap
Scrapping plastic, including polycarbonate, polyethylene, polypropylene, and polyvinyl chloride, is profitable due to the high demand for recycled plastic.
Electric Cables and Wires
Electric cables and wires are among the most profitable items to scrap because they contain valuable materials such as copper, aluminum, and brass.
Scrap Electronics (including televisions and cell phones)
Electronics like TVs and cell phones are great to scrap for money due to the valuable metals they contain, such as gold, silver, copper, platinum, and other metals.
| Scrap Items | Description | Estimated Value (Per Unit) |
|---|---|---|
| Aluminum and Aluminum Cans | Recycling aluminum and aluminum cans can fetch an average of $0.15 – $0.50 per pound. | $0.15 – $0.50 per pound |
| Copper Wiring and Copper Tubing | Copper wiring and tubing are valuable items, earning around $4.00 per pound. | $4.00 per pound |
| Brass | Scrapping brass offers a great return on investment, with values ranging from $2.30 to $2.75 per pound. | $2.30 – $2.75 per pound |
| Iron | Iron, abundant and easy to recycle, yields a decent return at approximately $87.00 per ton or $0.0435 per pound. | $87.00 per ton or $0.0435 per pound |
| Stainless Steel | Resistant to corrosion and easy to recycle, stainless steel is valued at approximately $0.23 per pound. | $0.23 per pound |
| Lead | Lead, heavy and malleable, can be recycled for cash at about $1.00 per pound. | $1.00 per pound |
| Platinum Jewelry and Precious Metals | Scrapping platinum, gold, and silver can be incredibly lucrative, with platinum over $990/oz, gold at $1,886/oz, and silver over $22/oz. | Variable (per ounce) |
| Used Appliances | Used appliances offer various profit avenues, from spare parts to refurbishment and resale. | Variable |
| Old Tools | Old tools with metal content, including steel and iron, can be scrapped for money. Reselling is also an option if they’re in decent shape. | Variable |
| Computer Parts | Computer parts, from small components to entire machines, can provide profit opportunities. | Variable |
| Scrap a Junk Car or Car Parts | Recycling metals like aluminum, steel, and copper from junk cars can yield a good return. | Variable |
| Car Batteries | Car batteries contain valuable lead and plastics, with an average price of $0.22 per pound. | $0.22 per pound |
| Ballasts | Ballasts can be worth up to $2.10 per pound and take up minimal space, making them profitable to scrap. | Up to $2.10 per pound |
| Nickel | Nickel’s strong price-per-pound of $2.50-$3.00 and small size make it transportable and profitable. | $2.50-$3.00 per pound |
| Electric Motors | Scrapping electric motors can fetch $0.20-$0.25 per pound, requiring only basic tools and patience. | $0.20-$0.25 per pound |
| Bottles | Scrapping bottles can earn about $0.02 per bottle when recycled at a recycling center. | $0.02 per bottle |
| Ink Cartridges | Empty ink cartridges can typically earn between $1 and $5 each, providing a quick way to make money while helping the environment. | $1 – $5 each |
| Clothes | Selling old clothes online through platforms like eBay, Poshmark, and thredUP can declutter and generate extra income. | Variable |
| Cast Iron Pots and Pans | Cast iron pots and pans, with high steel content and durability, can fetch around $0.06-$0.07 per pound at scrap yards. | $0.06-$0.07 per pound |
| Air Conditioner Units | Air conditioners, due to their copper and aluminum components, can be lucrative to scrap, especially when disassembled for metal parts. | Variable |
| Plastic Scrap | Scrapping plastic, including various types like polycarbonate, polyethylene, polypropylene, and polyvinyl chloride, is profitable due to high demand for recycled plastic. | Variable |
| Electric Cables and Wires | Electric cables and wires, containing copper, aluminum, and brass, can be profitable when scrapped for their metal content. | Variable |
| Scrap Electronics (including televisions and cell phones) | Electronics like TVs and cell phones are valuable when scrapped due to the precious metals they contain, such as gold, silver, copper, platinum, and more. | Variable |
The Environmental Significance of Scrapping
While the focus of scrapping is often on the financial gains it can bring, it’s essential to recognize the significant environmental benefits associated with recycling scrap materials. As the world faces increasing challenges related to climate change, resource depletion, and waste management, scrapping plays a crucial role in mitigating these issues.
Resource Conservation
One of the key benefits of recycling is its role in conserving resources. By recycling materials such as metals and plastics, you decrease the need for virgin resources. The extraction and processing of new resources can lead to considerable environmental harm, including habitat destruction, high energy consumption, and greenhouse gas emissions. Recycling scrap materials not only helps protect natural resources but also reduces the adverse ecological effects linked to resource extraction.
Energy Savings
Recycling also leads to substantial energy savings. The process of extracting, refining, and manufacturing new materials from raw resources is energy-intensive. In contrast, recycling often requires significantly less energy. For example, recycling aluminum saves up to 95% of the energy required to produce the same amount of aluminum from bauxite ore. This energy efficiency reduces greenhouse gas emissions and contributes to a more sustainable energy landscape.
Reduction in Landfill Waste
Another critical aspect of scrapping is its role in diverting materials from landfills. Landfills are a major source of environmental pollution and emit harmful greenhouse gases, including methane, which is significantly more potent than carbon dioxide in terms of its warming potential. By recycling scrap materials, you prevent them from ending up in landfills, thereby reducing the environmental burden associated with waste disposal.
Decreased Pollution
Recycling also helps decrease pollution levels. The extraction and processing of raw materials can result in air and water pollution, soil degradation, and habitat destruction. In contrast, recycling processes are generally less polluting. For example, recycling paper reduces water pollution by 35% and air pollution by 74% compared to producing paper from raw materials. Similarly, recycling metals reduces air pollution by 85% for copper, 86% for lead, and 92% for aluminum compared to primary production.
| Environmental Benefits of Scrapping | Description |
|---|---|
| Resource Conservation | Recycling scrap materials reduces the demand for virgin resources, mitigating the negative ecological impacts of resource extraction. It helps preserve natural resources and minimizes habitat destruction, energy consumption, and greenhouse gas emissions associated with extracting new resources. |
| Energy Savings | Recycling leads to substantial energy savings compared to the energy-intensive process of extracting, refining, and manufacturing new materials from raw resources. Recycling, such as aluminum recycling, can save up to 95% of the energy required for producing the same amount of material from primary sources, contributing to a more sustainable energy landscape. |
| Reduction in Landfill Waste | Scrapping diverts materials from landfills, reducing environmental pollution and emissions of harmful greenhouse gases, including potent methane. Landfills are a significant source of pollution and contribute to environmental degradation, making waste diversion crucial for sustainability. |
| Decreased Pollution | Recycling processes are generally less polluting than the extraction and processing of raw materials. For instance, recycling paper reduces water and air pollution compared to producing paper from raw materials. Similarly, recycling metals significantly reduces air pollution, contributing to improved air quality and environmental health. |
The Circular Economy and Sustainability
Scrapping aligns with the principles of the circular economy, a sustainable economic model that seeks to minimize waste and make the most of existing resources. In a linear economy, products are manufactured, used, and discarded, leading to a significant waste of materials and energy. In contrast, the circular economy promotes the continuous use, recycling, and repurposing of materials, creating a closed-loop system that reduces resource consumption and waste generation.
Scrapping contributes directly to the circular economy by reintroducing materials into the production cycle. When scrap materials are collected, processed, and reused in manufacturing, it extends the lifespan of these resources and reduces the need for new ones. This shift towards a circular economy is essential for addressing global challenges like climate change, resource scarcity, and environmental degradation.
Recycling Scrap Metal: What are Ferrous Scrap Metal and Non-Ferrous Scrap Metals?
Separate ferrous metals, such as iron and steel, from non-ferrous metals, which include aluminum, copper, lead, nickel, titanium, and zinc alloys, during the metal recycling process.
Non-ferrous metals generally fetch higher prices, but it’s important to understand the advantages and disadvantages of both types to make informed decisions on which ones to focus on.
Collecting Scrap Metal for Money
Scrap metal can be sourced from businesses, home projects, construction materials, and even appliances that are no longer being used. The best places to look are garages, basements, warehouses, appliance stores, and any other place where scrap metal may be found. Don’t forget to check online classifieds as well.
Finding the Best Scrap Yard
Find the best scrap yard by researching online, reading customer reviews, asking for recommendations, and visiting the yard in person to check the quality of their services and prices for metal recycling.
Final Thoughts
Scrapping items can be a lucrative way to earn money. By conducting research in advance and identifying the most profitable items to scrap, you can significantly increase your profits.
Always practice safety and get advice from experts or local scrap yards before starting, so you have the best chance of success.
FAQs
What is the Best Thing to Scrap Right Now?
The value of scrap metal can fluctuate, but among the most profitable items to scrap are copper, aluminum, brass, and high-grade steel.
Contact your local scrap yard for current market prices and to determine the most profitable items to scrap.
What Appliance Has the Most Copper in It?
Refrigerators often contain the highest amount of copper, so they can be a great source of scrap.
Copper is used in the coils and electrical wiring in the appliance, often making up to 50% of its total weight.
Appliances like washing machines, dryers, and air conditioners also contain copper but usually in lower amounts than fridges.
Is Metal Scrapping Profitable?
Metal scrapping can be a very profitable activity if you know where to look and what items to target.
Metal prices have been on the rise in recent years, making it an attractive opportunity for those with an eye for scrap.
What is the Easiest Thing to Scrap?
Aluminum cans are among the easiest items to scrap since they can be found in abundance and are lightweight for transportation.
Removing labels from cans is a simple task, making them an excellent choice for individuals interested in metal scrapping.
Can I Make a Lot of Money with Scrap Metal?
The amount of money you make scrapping metal depends on current market scrap metal prices, quantity, and quality of scrap.
A manufacturing business has the potential to generate large amounts of valuable scrap metals that can be sold for a profit, while individual scrappers can find smaller opportunities.
Be sure to check places for free scrap metal components, such as Craigslist or local businesses.
Image: Envato Elements
This article, “Turn Scrap into Cash: The Most Profitable Items to Scrap” was first published on Small Business Trends