It is 2024 which means you are probably looking forward to all of the exciting things that could happen this year. The excitement of the New Year celebrations can, however, be dimmed quite a bit by the expenses and debt that might have risen from last year’s festive celebrations. Christmas is expensive and these expenses can make it difficult for you to finally get to work on all of your New Year’s resolutions.

If you are pressed for money then you might look into collecting scrap metal, but is scrap metal collecting and reselling still a lucrative industry in 2024? Let’s find out.

How Scrap Metal Prices are Expected to Change in The New Year

No one can accurately predict what the future might hold for the scrap metal industry. It is impossible to see what the future might hold and you never know when prices can dramatically start to drop. Most of the price predictions on the rates for scrap metal are based on historic prices and the current demand for these resources. 

When you consider the steady increase in scrap metal rates over the past few years and regard the fact that more manufacturers prefer to use scrap metal for the manufacturing of new goods, it becomes pretty easy to see that 2024 is bound to be a steady but good year for this industry.

Is Scrap Metal Worth Collecting In 2024?

Since the metal rates are not likely to drop too low, scrap metal collecting and reselling can certainly be a good business to get into. These processes are not only bound to be profitable, they are very good for the environment since the metal will be repurposed. 

Best Scrap Metal Items To Collect In 2024

If you want to make a good income from scrap metal recycling then it is best to look out for metal types that are sought after. Here is a quick look at some of the best metal types to collect and resell if you want to make a good profit.

Brass – Brass metal has become a little bit scarcer over the past few years but you should collect as much of it as you can since brass has a pretty good resell value.

Bronze – This alloy is made from a combination of copper and other metals. Anything that contains copper can fetch a pretty good price, including metals like bronze that have a high copper content. 

Aluminium – Aluminium is an erosion-resistant metal that can be repurposed over and over again without affecting the integrity of the metal. 

Electric Motors – Electric motors tend to contain a lot of iron and copper. These two materials can fetch a pretty good price at scrap metal companies. 

PVC Cables – These cables contain plenty of copper that can be repurposed for the development of a great many products. 

Stainless Steel – Stainless steel is a hard and durable metal that will always be high in demand. This metal type is also quite common and easy to acquire. 

Used Batteries

Used, old, and dead batteries can be resold to scrap metal companies because they are packed with lad. This lead product can be repurposed for new batteries and several other goods.

Old Cars

Any old car you can get your hands on is an ideal source of scrap metal. Cars contain plenty of iron and aluminium and are some of the most sought-after materials by scrap metal companies. 

If you want to make a lot of money from collecting and selling scrap metal then it is important to use the right scrap metal company. At Danny Scrap Metal, we guarantee that you will get the highest possible resell rate for any old metal you might collect. With our company, you are bound to make quite a bit of profit so you will be able to cover the expenses caused by the last festive season.