From price changes to the demand of the global market, the chances are you may get lost in the world of salvage metal. Then, you may be asking yourself, “how does the salvage metal market work and what scrap metals to give profits?”
Let’s dive right in!
#1: Salvage metal prices are shaped by various factors
The world is more interconnected than ever before. For this very reason, the international market has a huge impact on determining the price of salvage metal.
#2: Oil prices contribute to all metal prices
There is a correlation between oil prices and metal prices, both virgin ore and salvage metals. The relationship is deeply linked to the supply chain: the oil industry consumes steel, and the steel industry (salvage metal and virgin ore) relies on oil to transport and process those materials.
#3: E-waste affects global salvage metal prices
Each year the world generates million tons of electronic waste from devices such as computers, servers, smartphones, etc. That e-waste is the equivalent of sending 125,000 jumbo jets to the landfill each year as various reports indicate. So, why are we still sending so many electronics to the dump? The sad truth is as technology advances, products’ life cycles grow shorter and shorter. So, can we recycle e-waste? Old electronics can be a valuable source of salvage metal.
If you want to sell your scrap metals in Davie, contact M&l Auto Wrecking & Parts, the most reliable scrap yard in Davie.
Contact M&L Auto Wrecking & Parts
M&L Auto Wrecking & Parts offers services for pulling used auto and truck parts. It is a full and Self-Service Used Auto & Truck Parts Supermarket, remains open 7 days a week from 8 am to 5 pm. In business for over 30-years, M&L Auto Wrecking provides its services throughout Broward, Dade, and Palm Beach Counties in South Florida to both retail customers and shop customers.
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