Scrap You Later - Hold or Sell

When scrappers ask us how to get started and what's most important - there are two things: magnet and files. Tom goes over how to use them to get started on scrapping.

Going into the fall, if you were planning on holding your material for an upward price swing, you might want to get ready to cash it in September or October. Since the copper market bottomed out at a trading level of $3.15 a pound, we have now seen the market regain steam and add $0.50 a pound over the last few months. This was slightly higher before a small drop this morning but is still a positive sign going into the fall and winter seasons. 

We had a recent request from a scrapper about how their yard didn't share prices - both online or in-person. They were wondering what the best options are to make sure they are getting a fair price.

Steel prices have continued their slow recovery, jumping about $30 per ton during August in many parts of the country. Meanwhile, Copper prices were relatively flat, with no more than two pennies up or down overall which is a good sign for stability. Read more: https://iscrapapp.com/?p=1226343

Tom explains and debunks one of the most common myths about scrapping TVs. A lot of people think there are harmful gases when taking them apart.

📺 Smart TV Boards: https://youtu.be/sESIgC6DcHg

We recently got this question from a YouTube subscriber: "Is there Tantalum in E-Scrap? And how do you remove it?"

Wondering if it's ok to take the inside of the catalytic converters apart? Short Answer: NO, it's not ok. Tom explores why this is not a good idea to make your highest profit.

📚 Read More: https://rrcats.com/blog/how-much-do-catalytic-converters-weigh/

Tom answers a YouTube Question: "Is copper, and nickel cheaper in China? I heard a rumor that in China they don't follow The LME, and they have a monopoly!"

When is the right time to start thinking about becoming a full-time scrapper? Tom goes through several things you will have to think about and plan for before you make the MAJOR move.

📚 Read More: https://iscrapapp.com/blog/full-time-scrapping-is-it-an-option-for-you/

Tom walks through various common copper wires and cables for recovery rates. If you are wondering if you should strip something and what kind of copper recovery you will get, we have some help here: https://iscrapapp.com/?p=1169742

Watch more: https://youtu.be/58vgFTudi_Y