Earn Extra Money by Watching the Copper Scrap Price

by | Feb 12, 2015 | Business

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This economy has been hard on almost everyone in the United States. Many people have been demoted or even laid off from their jobs. Those of us who are fortunate enough to still have work still struggle due to inflation. The dollar just does not go as far as it used to go. Regardless of your plight, all of us can benefit from recycling copper. One of the most sought after materials in the scrap metal industry, by far, is copper. Why? Copper is used in the manufacture of electrical components, home décor items, cookware, plumbing, and structural material. What does this mean for you? It means that you can get paid well for recycling copper. In fact, the copper scrap price remains steadily higher than other materials that can be easily recycled, like aluminum. If you scrap efficiently, you can save time by looking for copper in the best places to find it, which I will share with you shortly. You will also earn more money if you keep an eye on the copper scrap price and recycle when the price is right.

Where Can I Find Copper to Recycle?

Compared to other types of copper, copper wire and tubing have a good copper scrap price. In fact, at the time of this writing, the price was approximately $2.77 per pound. Copper wire and tubing is easy to find if you know the best places to look. So, where exactly are the best places to look? Start with anything with a power cord. Invest in a pair of wire cutters or heavy-duty scissors, and start cutting power cords off old electronics. Snip the plug off the end, and then strip the insulation off the copper. Voila! You have copper wire. Another excellent place to look is the power cords of old appliances. Refrigerators, freezers, dishwashers, ovens, washers and dryers all typically have much thicker power cords than smaller electronics and appliances. Finding these will increase the weight of your copper wire drastically. Finally, look inside desktops, computers, laptops, and DVD players. These not only have power cords, but they also have insulated copper wires throughout. Dismantle them carefully and remove those interior wires. You may be thinking at this point, that you do not have a lot of old appliances, computers, and TVs laying around. So, how are you going to find all this wire? Spend a Saturday at a local junkyard. You will find all the copper wire you can handle. With today’s copper scrap price at the current level, it is not unrealistic to think you could make a thousand dollars or more scrapping copper.

Keep an Eye on the Copper Scrap Price

Like other commodities, the copper scrap price fluctuates regularly. Keep an eye on the price for several weeks. Save your copper scrap until it reaches a high point before you take it to the recycling center. You will earn more money this way!

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