If you're trying to make money by selling scrap aluminum, there are certain factors you should be aware of that affect aluminum scrap prices. If you gather the right type of aluminum, seek out the best dealers, and keep your metal in tip-top condition, you will be offered some top prices for your scrap aluminum.
If you sell scrap aluminum regularly, you should look in to gaining knowledge of how regulating groups and organizations study the prices of metal. The US Commodity Exchange for example, aims to forecast standardized and accurate prices.
If you keep track of organizations like this, you can stay up to date with the changing price levels, and you will know the right times to trade for a good price. Sometimes, waiting can see significant jumps in the prices you will receive for your aluminium.
There are a number of things that affect the value of scrap aluminum, such as the level of current demand, how recyclable the scraps are, and what type of condition they are in.
If you follow along with organizations like the US Commodity Exchange as mentioned above, you will know when aluminum is in high demand. Once their price is high enough for your needs and you are ready to sell, there are certain things you can do to ensure that you get a good price.
First of all, make sure your scrap collection only contains aluminum, and has no other metals mixed in. If your collection of aluminum has other metals mixed in, some junkyards or recyclers will deduct a certain percentage of the price. Sometimes this is unavoidable, but often you will find that the aluminium is easily separable from the other metals, and it will be well worth doing yourself.
Once you have a collection of pure aluminium scrap, make sure it is in good condition. You will be offered a much better price if your metal is clean and free of rust. So, before taking your metal out to sell, clean it thoroughly and make sure it's in the best condition possible. This is often as simple as hosing it down with a power washer.
If you have completed the steps outlined above, it's now time to sell your aluminum. To get the best price possible, call up your local junkyards and recyclers and ask what their scrap aluminum prices are. Prices can vary greatly between junkyards in different areas, even they are just 10 miles or so apart. So, call up each junkyard that you can realistically travel to, and compare their prices. One may well be worth the extra drive.
When you have been quoted prices by the junkyards, go online and compare the best junkyards' price with prices offered on the internet. This will ensure you get the absolute best price possible. If you deal with one junkyard, and consistently supply good quality aluminium, they will want to work with you on price.
Selling scrap aluminum is a nice way to make some money while helping the environment. Stick to the tips outlined in this article, and you will receive the best scrap aluminum scrap prices that you can hope for.