Metals can be recycled multiple times without losing their properties. For example, according to the American Iron and Steel Institute (AISI), steel is the most recycled material on the planet
Fremont, CA: Metals are valuable materials that can be recycled indefinitely without losing their properties. In addition, scrap metal has a monetary value, encouraging people to collect it for sale to recycling companies.
Metals recycled can be classified as ferrous or nonferrous. For example, iron and carbon are combined to form ferrous metals. Carbon steel, alloy steel, wrought iron, and cast iron are common ferrous metals.
On the other hand, Nonferrous metals include aluminum, copper, lead, zinc, and tin. Nonferrous metals include precious metals. Gold, platinum, silver, iridium, and palladium are precious metals.
Metal Recycling Industry Challenges
Given the recyclability of almost every type of metal, the current overall metal recycling rate of around 34 percent is not acceptable, and challenges remain regarding how to recapture more material for recycling. In this regard, expanding community recycling programs and public awareness is beneficial.
Another important factor contributing to the low recycling rate is the design of various metal products. Recycling is becoming increasingly difficult due to the increasing complexity of various modern products and their material mix. A smartphone, for example, may contain more than 70 different elements. As a result, extracting all of the materials from a mobile phone and reusing them in the production of new products is difficult.
Metal Recycling Business Opportunities
Metal recycling has traditionally been regarded as a profitable business opportunity. However, low prices have proven to be problematic in recent years. As a result, starting a scrap metal collection business or becoming a scrap metal vendor is a common entrepreneurial entry point into the metal recycling business.
Metal Recycling Legislation and Laws
If you want to start a metal recycling business in the United States, you should be aware of the recycling laws in your state. This interactive map allows you to locate metal recycling laws in each jurisdiction.