Do you have metallic material, waste metal, and any product that contains metal in your home that you are not using? What are you planning to do with it? Why not consider recycling it? Currently, the scrap metal recycling market is valued at $562.87 billion and is expected to hit $806.61 billion by 2027.
Scrap metal recycling involves reprocessing of waste domestic or industrial metal into valuables. Its goal is to significantly reduce greenhouse gas emissions, preserve natural resources, and manage energy consumption levels. Unlike other materials, metal can be recycled repeatedly without altering its properties.
Here are five benefits of scrap metal recycling:
1. It's Good for the Economy
Presently, it is estimated that scrap metal recycling in the US employs 22,123 people. Moreover, the state and federal governments collect about $10 billion in taxes from metal recycling companies.
Thus, by recycling waste metal in your compound, you will be creating jobs and helping the economy grow.
2. It Saves Landfill Space
Please take a look at a landfill near you. There is a high chance that it's overcrowded with recyclable items and trash. As you know, metal may take decades to biodegrade, and, therefore, it should never be disposed of in a landfill.
Why would you dump a material that can be repurposed for other numerous uses? Scrap metal recycling is one way of diverting recyclable waste from landfills since they have limited capacity.
3. Natural Resource Conservation
There can't be virgin metal without mining. Remember that most natural resources are non-renewable and are subject to depletion. Currently, scrap metal recycling in the United States annually processes an estimated 250 billion lbs., which is equal to 70 million cars.
If this high volume of metal were to be mined, all metal ores would soon be depleted. Thus, scrap metal recycling is one element of sustainable resource use.
4. You Can Make Some Money
You can turn unused metal in your garage into some cash. If you have an old complete car, for instance, you can make up to $175 per ton. For iron, you can make up to $191 per ton. Other metals, such as steel, copper, aluminum, also fetch different prices. The deal might be even better if you have electronic scrap, such as old CPU processors. In this regard, scrap metal recycling can be a source of substantial income.
5. It's Good for the Environment
Think about scrap metal as a pollutant. Once it is poorly disposed of, it contaminates the soil. Some of its chemical components might sip into the soil, polluting groundwater. More importantly, scrap metal recycling lowers emissions experienced during the extraction and processing of virgin metals.
The Bottom Line
Metal is among the most recyclable materials. If you are looking for the best alternative solution for waste, consider scrap metal recycling. It will make you money while reducing environmental pollution and conserving natural resources. Contact a local scrap metal recycling facility to learn more.