As part of the education needed to develop a scrap metal business, material knowledge is absolutely a must. Before you go to the scrap yard or post an auction, you must first identify the type or types of metal you have. This can be easy or hard, depending on what exactly you have. You will make the most money by knowing and understanding exactly what you have and what it is worth from the start. The longer you scrap metal, the easier and more quickly it will be for you to identify different metals. Don’t be frustrated if it seems boring to learn a bit of metallurgy, as a good business man, you should develop expertise at 360° in your field.
Copper is widely considered as one of the key cyclical commodities given its extensive usage in construction, infrastructure and an array of equipment manufacturing. The biggest end-use is for the production of cables, wiring and electrical goods because of its excellent electricity conducting properties.The construction sector is the second largest user of Copper for plumbing, HVAC and building wiring applications.