The Basics of Recycling Scrap Metal for Money (2024)

Most of us know the value of recycling and reusing items like plastic bottles, hand-me-down clothing, and newspapers. Through reuse and recycling, we can reduce what goes to the landfill, reduce waste, and save on energy used to produce new materials. But is just as important, is scrap metal recycling.

By recycling metals, we reuse a valuable and finite resource and reduce the amount of ore mining throughout the world. Some of these metals include copper, steel, aluminum, brass, and iron. Unfortunately, these materials often end up in the garbage due to the lack of knowledge and sources for metal recycling. Learn about the opportunity to bring your unused metal items to the right place for recycling — and make some cash, too.

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Recycling Scrap Metal Makes Money

Scrap metal can be recycled for cash payments at local scrap yards around the country, keeping this useful material out of landfills. By bringing your metal scrap to scrap yards, you can make money and recycle the materials at the right place.

The Basics of Recycling Scrap Metal for Money (1)

A Magnet Assesses Metal Value

Determining if you have a ferrous or non-ferrous metal and separating the two types is the first important step before bringing metal to be recycled.

The easiest and most common way to figure out what kind of metal you have is by grabbing a magnet. Hint: Any magnet will do — even one from your fridge.

If the magnet sticks to your metal: You have a ferrous metal in your hands — something common like steel or iron. Ferrous metal is not worth very much when you bring it to the scrap yard, but the scrap yard will accept it and make sure it is recycled properly.

If the magnet does not stick to your metal: The metal you have is a non-ferrous metal. Many common metals like copper, aluminum, brass, stainless steel, and bronze — are categorized as non-ferrous metals. These metals are very valuable to recycle and are worth more money at the scrap yard.

Once you have your metals separated, search for a local scrap yard and call to see what metals they accept. Make sure you ask about their procedures and requirements so you know before you go. Oftentimes, homeowners feel intimidated going to a scrap yard. By calling ahead for information and making sure you have your metals separated to the best of your ability, you can proceed with confidence. Some scrap yards will require you to pull up to their doors and unload your metal onto their scale; others may have someone to take it out for you.

It Helps to Know Your Metals

The most challenging part of metal recycling is recognizing what material you are looking at and its value. Know these basic metals and it gets a whole lot easier.

Copper – $$$$

Copper is a reddish color if it is in good condition. If it is a bit worn, it can have a darker brown color with some green rusted areas.

The Basics of Recycling Scrap Metal for Money (2)

Copper is a common material in your home. You may find it as plumbing pipes, roofing materials like gutters, and inside air conditioners. Electrical wires also contain copper; underneath that black or colored plastic insulation is bright colored copper wire. Copper is one of the most valuable metals to recycle. So, separating it from your other metals can earn you some “pat-on-the-back” money for recycling it at your scrap yard.

Aluminum–$

Aluminum is often painted, but unpainted, it is a whitish, silver color. It bends easily if it is thin.

The Basics of Recycling Scrap Metal for Money (3)

Aluminum cans are often collected and brought to the scrap yards in bulk. But cans are not the only use for this metal. You can find it in many places throughout your house, including gutters, siding, window frames, doors, and more. Although not worth a lot of money at the scrap yard, aluminum can be recycled and used again within a few months. Recycled aluminum saves 80% of the energy that was used to make it originally, so it’s important to recycle this metal.

Brass–$$

Brass is yellowish with a hint of red in it and is quite heavy.

The Basics of Recycling Scrap Metal for Money (4)

You can often find brass in hardware like keys, door handles, light fixtures, and bathroom fixtures. Composed of copper and zinc, brass is used often in plumbing fixtures and also at the end of copper piping. A mid-level priced item at a scrap yard, brass can add up quickly in weight because of how dense it is.

Steel–$

Steel often rusts easily and a magnet will stick to it.

The Basics of Recycling Scrap Metal for Money (5)

Steel is one of the most common metals used throughout the world. You can find it in many places, from your car to chairs, shelves, cabinets, and more.Unless you have thousands of pounds of it, you won’t get a lot of money for steel at a scrap yard. However, it is still wise to collect your scrap steel for recycling. Steel is one of the most recycled materials. It can be melted down and reused over and over.

Visit Earth911’s Recycling Search to find a scrap metal recycling facility in your area.

Originally published on June 23, 2016, this article was most recently updated in January 2024. It was originally written by Virginia Buechel, of iScrap App.

The Basics of Recycling Scrap Metal for Money (2024)

FAQs

What scrap metal brings the most money? ›

Copper is among the most valuable metals for most scrappers. Pound for pound, it is worth more than most other common metals and is the king of non-ferrous metals. Not all copper products are worth the same, though, and the price of copper can change dramatically over time compared to other metals.

How do people make money from scrap metal? ›

If you want to profit from this industry, then you need to buy low and sell high. It is important to know the current commodity prices of different scrap metals and grades, so you can make a profit. The prices of scrap metal fluctuate throughout the year, but they are generally higher in the summer.

What is worth money in scrap? ›

Copper, brass and aluminum are just three types of scrap metal worth recycling. Commercial scrappers generally accept many other types too, including lead, tin, nickel, steel, cast iron and light iron. Recycling automotive parts like converters or car bodies can be particularly lucrative.

What metals sell for the most money? ›

Due to their high market value and demand, gold, silver, and platinum sell for the most money. However, because they're less commonly found in everyday items, scrappers often focus on non-ferrous metals like copper, brass, and aluminum.

What recycling pays the most? ›

Scrap Metal. The final and most profitable material on our “best items to recycle for money” list is scrap metal.

What appliance has the most copper in it? ›

Amount of copper contained in general appliances, by type (in kilograms)
CharacteristicCopper content in kilograms
Building wire88.5
Plumbing tubes and fittings68.5
Air conditioners23.5
Heat pumps21.7
3 more rows
6 days ago

Where can I find platinum in everyday items? ›

The precious metal's uses are extensive, including jewelry, automotive, chemical processing, and electronics. The electronics you use daily, from the display on your smartphone to the hard drive in your computer, contain platinum.

Are copper ingots worth more than scrap? ›

There is no need to melt down copper scrap into ingots. Doing so is expensive and may end up causing you to get less for the metal than you would in it's original form. This is because many copper products are not pure copper, but some alloy of copper. Pure copper is more valuable.

What do scrap men do with metal? ›

We dispose all of the scrap metal which we collect in an eco-friendly way by bringing your old scrap metal items to a scrap yard where it can be sorted and then repurposed. In processing plants any rubber, plastic or wood is removed from the metal before being melted down.

Why do scrap men take washing machines? ›

Local Scrap Metal Recycler

Scrap metal recycler companies break down old appliances to collect valuable metals. Most of the time, they collect all the items and deliver them to e-waste recycling facilities. However, several scrap yards have improved their ability to handle electronic trash.

Can you make money from old wires? ›

Selling them to a scrap metal recycling centre is a quick and easy way to make money. Copper wires are key constituents of cabling, and non-ferrous metals like copper are always in high demand.

What has no scrap value? ›

Only material assets have a scrap value. To simplify, if an asset does not depreciate it does not have a scrap value.

What are the latest scrap prices? ›

  • STEEL. $180/NT.
  • Scrap Car. $215/NT.
  • Prices Updated: 4/22/2024.
  • Aluminum Siding. $0.55/LB.
  • Aluminum Breakage. $0.13/LB.
  • Aluminum Wheels. $0.70/LB.
  • Batteries. $0.10/LB.
  • #1 Copper. $3.25/LB.

Is cast iron worth more than scrap metal? ›

Ferrous metals, such as steel and cast iron, generally fetch lower prices at the scrapyard due to iron being so common and difficult to refine. Non-ferrous metals, on the other hand, are less common, more malleable and greatly resistant to corrosion.

What is the best scrap? ›

Copper is consistently one of the most valuable types of scrap metal. It is used for a wide range of applications, from water pipes to heat exchangers to telecommunications wiring. Do you have old copper pots or pans? These can be recycled at a copper scrap yard.

Is copper worth more than brass? ›

While it can vary depending on which grades you are comparing, typically copper is the most expensive of the three red metals. While all three contain copper, the percentage is far lower in Brass and Bronze than in pure copper as alloying elements are mixed in. This reduces the cost of brass and bronze.

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