Our nation’s metal reprocessing facilities generate a striking amount of wealth for the UK, but not in the way you’d think.
More than 88% of the recycled metallic scrap produced in the United Kingdom each year is actually sold and shipped to other countries, which has allowed us to become a top-five metal exporter in the world.
Inspecting the Details about Scrap Recycling
Some industry authorities are anticipating the countrywide economic output of the metal recycling sector to eclipse the €12 billion mark by the year 2024, but let’s measure some of the lesser known scrap statistics:
- The lion’s share of scrap yards in the UK pay out upwards of €20,000 per week.
- This equates to hundreds of tonnes of washing machines, copper pipes, aluminium products, rundown vehicles, and other reusable metal products each month.
- The average remuneration for those that deliver their scrap metal to a local facility ranges between €60 and €130, but you can also arrange quick collections to avoid towing the materials.
As such, recycling is not only beneficial to Mother Nature; it’s also a great way to pad your pocketbook with a few extra pounds.
How Can I Maximise My Scrap Metal Profits?
If you’d like to make some money with your local Brixton scrap metal organisation, you have to comprehend the disparity between non-ferrous and ferrous metals.
Ferrous metals are magnetic, while non-ferrous materials are not. You can make a solid profit on both variants, but non-ferrous metals are much more sought-after in the recycling community, so grab a magnet, check your metal waste’s properties, and get in touch with your local scrap yard to get paid.