UK Scrap Prices 2019
The UK has seen an increase of 113% on building and infrastructure projects since 2017, with in-home DIY also continuing to be strong. As a result, the rise of scrap is one that can be taken advantage of. Not only is scrap recycling good for the environment, but it is also a great way of earning additional revenue.
The UK has seen an increase of 113% on building and infrastructure projects since 2017, with in-home DIY also continuing to be strong. As a result, the rise of scrap is one that can be taken advantage of. Not only is scrap recycling good for the environment, but it is also a great way of earning additional revenue. In this blog, Bronneberg will look at the UK scrap metal prices for 2019 and what you should look for invaluable scrap.
What is scrap metal?
Scrap metal is the combination of waste metal, metallic material and any other products that contains metal that is able to be recycled. It can originate from both commercial and residential origins such as building materials, vehicles and other unwanted metal related products. Scrap metal holds great value and is subject to price changes on a frequent basis. The UK scrap metal industry is worth £5 billion and is continuing to grow.
Ferrous & Non-Ferrous Metals
Before you consider about recycling any scrap metals, it is worth understanding if metal is ferrous or Non-ferrous. This is the first step in determining the true value of your scrap metal.
Typically ferrous metal is magnetic and found in much larger quantities than non-ferrous metals. Ferrous metal contains Iron, or products such as steel that have originated from iron. You will typically find ferrous metal on property building sites, homes and vehicles. This type of metal is less valuable than non-ferrous metals but, with the right quantity, you can still gain some value from it.
Non Ferrous Metal
Non-ferrous metals are not magnetic, and due to their individual properties are valued much higher. Such types of metals are copper, gold, silver and aluminium. Metals such as copper & aluminium don’t require any treatment when being recycled. Factors like this make non-ferrous metals much more lucrative to recycle as they hold far great value over ferrous metals.
Factors affecting UK Scrap Metal Prices
There are various factors that affect UK scrap metal prices. The demand for available metals has an impact on metal prices. Growth and industrialisation of various industries such as technology, automotive and construction, naturally demand metal of both ferrous and non-ferrous types. Other factors include availability of metals in the market, which will lead to a sharp rise in scrap metal prices. Currently in the UK, copper and aluminium are in high demand as they are expensive and less available compared to other metals. Dependent on the quantity or relevancy of the metal that you are recycling, will affect the price you will receive. As ever, the rates in this industry are always fluctuating and changing.
Best Valuable Metals 2019
Copper is amongst the most valuable scrap metals on the market to date. Due to an ever lasting recyclable life, copper is used in vehicles, technology, construction & many more products/industries. Prices for copper vary depending on grade and quality with each scrap metalist having their own classifications to rate the copper.
Aluminium is one of the most common scrap metals around. This metal is used in a lot of household goods such as cans and tins. Aluminium yields a good return from a scrap metalist. Other products such as old game consoles, computers and bike parts also contain this metal and may hold some scrap value. Like copper, aluminium can be continuously recycled, requiring less treatment.
Unlike other scrap metals, lead can be very hard to come by but can prove extremely profitable. It can prove, however, hazardous and highly toxic, if you have acquired a pure form of lead. If you require help transporting the item, then get in contact with Bronneberg. Nonetheless, lead is typically in high demand and worth the effort to transport and recycle.
Gold & Silver
Both gold and silver are precious metals and can yield a high price from scrap metalists. Old jewellery, coins & electronics both contain the materials, however, it’s harder to find original sources of the metal. It is advised that you conduct research when looking to recycle gold or silver, as prices are prone to fluctuate and there's an opportunity to yield a greater return.
If you decide to sell scrap metal, it is advised that you check industry scrap metal prices dependent on the materials you have. With this, it should be noted that prices fluctuate depending on market conditions or demand for the metals. Selling scrap metal can be very profitable for you along with the environmental impact that recycling has.
For more information on scrap metal recycling, get in contact with Bronneberg Recycling Machines & Services today.