How is the market prospect of scrap copper wire recycling business?

If you want to know whether copper wire recycling business is with good prospect or not, you had better do a research firstly on raw materials recycling, treatment methods, production application and profit analysis. Then you will find that copper wire recycling business has vast potential for future development.

According to the data from statista.com, the copper production is increasing every year, but very little. And the World Bank estimated in its commodity forecast report that the copper price is expected to decrease to $7,500 in 2022 and then grow to $8,250 by 2035. So you can see the demand of copper is very large.

Copper and its application

And copper is the most widely used metal in energy generation, transmission infrastructure, and energy storage. It is the next most used metal after aluminum and steel in the construction, telecommunications, transportation, and automobile manufacturing sectors. But fortunately, not as oil and coal, copper can be recycled 100% and reused in different areas.

In fact, copper wire recycling business is one of copper recycling business. WIth the development of smart grid, industrial demand for cables and wires increase rapidly. And in our life, cables and wires are also seen everywhere, such as house decoration, household appliances, automobile, etc. However, industrial cables need to be replaced regularly for safety, and in scrapped automobile and electronic products, there are large quantities of wires that need to be recycled. So about raw materials recycling, you don't worry about that at all. Only you want to do copper wire recycling business, you can easily find a lot of raw materials sources.

Waste cable wires

Next, it is time to consider how to recycle copper from scrap cable wires. Generally, some copper wire recycling person will sell scrap cable wires to big copper wire recycling company for making money. And some copper wire recycling person will use small copper wire stripper to separate copper and plastic manually, then sell copper to metal recycling person for making more money. If the daily processing capacity is very large, it can not be realized using small copper wire stripper. It needs copper wire granulator machine, which can crush scrap copper cable wires and separate copper and plastic automatically.

Using copper wire granulator machine can process more waste copper cable wires, and the copper and plastic after separating are both very pure, which can make the selling price higher. DOING copper wire granulator machine has different daily processing capacities and configures, which you can choose based on your condition.

Copper wire granulator machine

At last, let's talk about the profit of copper wire recycling business. As copper wire granulator machine manufacturer, DOING often take an example for our clients to learn about the profit of copper wire recycling business.

If the market price per ton of waste car wires is $3,355, the market price of pure copper is $9,422/ton, and the market price of plastic wire is $125/ton. If processing 4 tons of waste car wires per day, the cost of raw materials will be $13,420. Besides, the copper wire granulator machine will consume electricity and labor in production, adding to the cost of power and labor force, the total cost will be $13,522. While processing 4 tons of waste wire, you can get 2.2 tons of copper, and 1.8 tons of plastic. You can get $20,953.4 from the separated copper and plastic. So the profit total income is $20953.4-$13420=$7431.4.

After seen the profit analysis, do you think copper wire recycling business is with good market prospect? Do you want to start copper wire recycling business? Contact DOING for technical support.