Scrap You Later: Recent Episodes
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Do you want to make more money scrapping? Here at the iScrap App, it's been our highest priority to help scrappers become more informed, make better decisions regarding their scrap, and bring transparency to a "hush-hush" industry. Our podcast Scrap You Later is the newest addition to our collection of resources that will help you stay informed on all things scrapping. Here, you will learn the industry's ins and outs from Tom Buechel, the creator of the iScrap App, who also happens to be a scrap yard owner. We will be featuring weekly content, ranging from short and informative clips, interviews with industry leaders and special guests, tips and tricks from a scrap yard owner's perspective, and of course, questions asked by you, our listeners. Whether you are a full-time scrapper, part-time, or enthusiast, this podcast is to help YOU make more money and learn more about the scrap industry.
We read an article this week about the power of copper and how the market may still be getting ready to go higher. This article discusses the massive electricity demand, with global electricity consumption potentially doubling by 2050.
With the electric and solar push across the world, we may continue to see copper prices increase and demand increase over the next few years. While this is more of a big-picture view, this does give us an insight into where the copper markets could be headed, and we may be at or near the bottom of the market for the foreseeable future.
Read more: https://iscrapapp.com/?p=1227235
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Last week we saw copper prices increase by about $0.35. Overall, since Friday, November 4, we've seen an increase of about $0.45 altogether.
One of the primary reasons we saw the increase in this market is that the Chinese are talking about lifting COVID protocols, which could jumpstart more materials consumed.
Read more 👉 https://iscrapapp.com/?p=1227235
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Copper prices showed excellent resiliency the other day, with the markets lifting to a level not seen in many weeks, if not months. Generally, large jumps like that come with significant declines, and on Monday, we saw about $0.09 come off the market from the $0.26 added on Friday.
👉 Read more: https://iscrapapp.com/blog/weekly-scrap-prices/
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Copper prices were down over the last few days, but we saw a quick recovery on Tuesday with a $0.10 increase. Last week we announced to our YouTube members that there was a nice copper increase, they were able to take advantage of that, and I negotiated with some scrap yards for better prices. If you want to learn how to make more money and get different market tips, consider becoming a YouTube member today!
Read more: https://iscrapapp.com/blog/weekly-scrap-prices/
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Let’s talk about being dazed and confused in a market that seems to be more and more confusing as the weeks go on. Here we are in the third quarter and see signs of market weakness, possibly due to the upcoming midterm elections. While we won’t talk about politics, they play into what the scrap prices do, as many people are unsure where markets are moving after elections because of new and upcoming laws and regulations.
Read more: https://iscrapapp.com/blog/weekly-scrap-prices/
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📈 Check Scrap Prices: https://iScrapApp.com/ - Going into the fourth quarter, we'll see a lot of questions, primarily until the midterm elections are sorted out. On top of that, everyone continues to talk about recession, recession, recession, and that will lead to a massive decline in the confidence of the markets. Metals are going to follow the confidence of the market. If many people don't think that enormous growth will happen, we will not see reasonable prices going into 2023.
👉 Read more: https://iscrapapp.com/?p=1227542
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We have seen little to no movement with the markets. Markets are all over the place, and overall going into the 4th quarter, we do not expect to get much of a market expectation until the post-election cycle in November.
These markets will be wishy-washy for the rest of the year, and we think now is as good a time as ever to sell. We know many people are not sure about the markets, but we have to think about next year and the looming pullbacks overall in the markets.
Read more: https://iscrapapp.com/?p=1227235
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We have seen copper prices increase by about $0.10 over the last week, which is welcomed. Whether or not that will last will depend on many different factors. Now that we’re starting to see the oil prices go back up and supply cut across the spectrum, this may be a short-lived increase. We continue to recommend selling...READ MORE
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Once a month, we will bring in Marc Champagne to help go over energy outlooks and how they will affect the scrap markets. We are excited to do this and to hear what your thoughts are.
With things changing year after year, we are watching these markets and changing market conditions for things like renewable energy, and with more clean energy initiatives, we may see short-term problems but long-term solutions coming.
Read more: https://iscrapapp.com/?p=1227235
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Copper has stabilized with a lot of optimism, going into next year and the next 5 to 10 years based on not only clean energy but the massive demand for worldwide consumption. In the next few years, we could see a lot of copper being consumed for many industries, leading to strong optimism. Today we are seeing prices that might be at the bottom of the market, according to some economists that we’ve been listening to but after massive global growth last year, we have seen the copper prices **level out over the last 90 days.
👉 Read more: https://iscrapapp.com/?p=1227235**
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The good news? Copper prices this time three years ago were still significantly lower but could also be a little misconstrued because of the number of dollars that will print it off for the last two years.
Read more 👉 this week's report
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With copper prices declining, it doesn't worry us in the big picture, only in the week-to-week picture. We think the long-term price of copper will continue to increase as more electric-powered and clean energy projects start to come online and need more of the red metal to be consumed.
Read more: https://iscrapapp.com/?p=1226910
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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.
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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.
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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.
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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
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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
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We recently got this question from a YouTube subscriber: "Is there Tantalum in E-Scrap? And how do you remove it?"
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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/
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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!"
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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/
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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
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ONE HALF of 2022 is over and we are at the cusp of the 2nd half starting. Where are scrap prices heading? Where have they been? What should you sell? What should you sell? Tom has all the answers to give you a good idea of what to expect heading into the second half of 2022.
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In this 3-Part Series, Tom Buechel and Energy Economist Marc Champagne tackle the future possible challenges for the world as we continue to deal with the oil and energy crisis.
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In this 3-Part Series, Tom Buechel and Energy Economist Marc Champagne tackle the current events that have led to the current market conditions and how the world is handling them.
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In this 3-Part Series, Tom Buechel and Energy Economist Marc Champagne tackle the past events and actions that brought the world to the current energy crisis we are dealing with today. They discuss everything from conflict in Ukraine, to the pandemic, to the quick hike in prices of oil.
👉 NEXT Episode Airs on Monday, 6/20/22
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Tom goes through several types of fans to see if they are worth taking apart for the electric motors inside. Remember, some motors may be made with aluminum, not copper.
Watch more here: https://youtu.be/gJ9ixG0nwhQ
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Born from a scrap yard, Rockaway Recycling, Tom, the Found of the iScrap App, explains the beginnings of the scrap metal app and how it came to be where it is today!
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Tom walks through some of the most common metals that are found at scrap yards and how you can sort and separate them for the best profit. While some materials can be taken apart, that doesn't mean they have to be.
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📈 Check Scrap Prices: https://iScrapApp.com/ - We had this comment pop up recently about why you shouldn't sell copper to yards that don't resell to street traders. While that may be something you have heard, it's not necessarily the way to go.
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Tom walks through some of the common frustrations we have heard from scrappers over the years and how you can deal with them.
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Tom walks through some of the options when becoming a full time scrapper and getting a license.
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Tom walks through some of the fastest ways to scrap your electric motors.
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Tom catches up with some of the top tips for scrapping various copper wires.
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Looking to make a quick buck. We have some helpful information to help you earn as much as you can with your computer towers.
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Tom goes through some of the common items and things you can find on a stainless steel sink to not only make it cleaner, but make some extra money on brass that is attached.
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Tom goes through some of the recent questions that YOU the scrapper has asked over the last few weeks. Have a question of your own? Email our team at info@iscrapapp.com.
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Wondering who to talk to at a scrap yard when you have problems? Tom addresses some options on fixing problems when you sell your scrap to local scrap yards. Before you quickly change yards see if you can get some explanations.
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Join Tom and his dad, Tom on how the boom of scrap from the 1970s to present-day scrap metal recycling. Discussions on how copper prices have changed, the change in e-scrap, and how materials have been changed among scrappers and how scrap yards buy them.
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We asked. You Answered. Recently our team asked on Reddit (yes, we're on there!) what frustrations were most common as scrappers. These were some of the top ones and Tom's suggestions on how to deal with them.
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Ever wonder why you see some reported prices on the iScrap daily in areas, but in other areas your own prices haven't changed? Or have you seen competing scrap yards never change prices? Tom addresses some of the major reasons why some scrap yards choose not to change prices - and no it's not to "screw" you out of money.
Read more here: https://iscrapapp.com/?p=1223628
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📈 Check Scrap Prices: https://iScrapApp.com/ - Join Tom and his dad, Tom for a discussion of the impact that scrap metal recycling has on the economy. Discussing the job growth and how the industry has evolved in the last 40 years.
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We brought fellow scrapper Dave online with us to discuss various boards and e-scrap techniques on what to look for in boards and computer parts when you are looking to boost your profit in scrap.
Be sure to subscribe to Dave here 👇
https://www.youtube.com/channel/UCDlSwAIfeziWqX-bOyyVG_w
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Mining for metals is an essential part of the growth of the economy but also a trivial part of the environment. But recycling metals to help reduce the necessity of mining for raw materials is important and can also have an environmental impact. However, when new mines are being built and current ones produce more, it is a good sign for everyone. The tricky part is that there is a good, bad, and ugly side to mining raw materials.
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Peddlers aren't the only ones cashing in on scrap metal. At the Rockaway Recycling yard, trade-specific workers are frequently cashing in on excess material from everyday jobs and projects they work on. Plumbers and Electricians, in particular, make a pretty good side hustle from scrap material.
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By now, you’re well aware that the iScrap App helps you find scrap yards near you and find the recently reported scrap prices, but did you know that we can also make you more money? There are several tips and ways to prepare your scrap metal and collect the right items to make more money on metal.
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Time and time again, we've seen and heard stories of picking up scrap for free (with the intention of the payday being the scrap value), but then being blindsided by the difficulty of the pickup: a heavy washing machine in the basement or a brass bed frame up on the 3rd floor. Keep in mind your time is money and that you should absolutely be charging a reasonable fee for scrap metal pick-ups.
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Like many other industries, the scrap metal industry has its gray areas for collecting scrap metal, selling it, and the laws and regulations that go along with it. While scrap laws usually vary from state to state in the US, many restrictions and illegal things apply nationwide. With the theft of scrap metal an increasing occurrence in the industry, many new laws are taking into effect and considering to deter the crimes. Whether it is copper pipe/wire theft, air conditioning units stolen, or catalytic converters cut out, there are many things to consider before you make your next scrap hunting trip.
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If you have every come across a sweet scrapping score of a few dozen, hundreds, or thousands of pounds of scrap cable or wire, it's usually time for a small celebration. After your victory lap, it's time to put your math skills to work and start figuring out what kind of profits and prices you can expect for your scrap copper. When you have wide gauge wire and cables for scrap, you may not have the time or correct tools to strip it down for the bare bright copper inside. So when you are faced with that situation it is easy to figure out the recovery rate of copper from the cable you have with some simple math and a few minutes.
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Get More Scrap. Make More Money.
Isn't that how things are intended to work out? From paying attention to all of the online forums, comments, videos, and overall comments, we know that one of the biggest challenges for scrappers is figuring out how to lock in larger contracts and long-term deals. This has proven to be one of the hardest things about the overall growth of a scrap-based business. Lucky, we have some helpful advice that can help you land a bigger scrap job.
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Many people ask if the oil prices going up or down affect the value of scrap metals and the simple answer is yes, sometimes. We know that isn't a clear answer but there is more to it.
The prices of oil, one of, if not the most major commodity in the world and it affects all prices on things from scrap metals to food prices and more. Oil prices are always changing and always affecting the scrap prices in more ways than one.
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Tom reviews the 2021 performance of the aluminum market and what to expect for 2022.
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Tom reviews the 2021 performance of the catalytic converter market and what to expect for 2022.
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Tom reviews the 2021 performance of the steel market and what to expect for 2022.
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Tom reviews the 2021 performance of the copper market and what to expect for 2022.
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What's it take to become a full-time scrapper? It can be daunting for sure not knowing what lays ahead, but isn't it like that with any new adventure you take? A leap of faith is necessary when going full-time, but there are still plenty of things to plan for, and Tom talks about them in this episode.
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We have heard for years about scrappers never paying for their scrap and they only pick up things that are free...well, wouldn't that be just peachy to know really quick! They say that there is more than one way to skin a cat, and there should be more than one way to scrap some metal, and there certainly seems to be after talking and listening to so many scrappers over the years. Getting scrap is great, but finding free scrap is better. Wouldn't it be great to know where to find all this scrap?
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Whether you are a small-time scrapper or a large scrap yard or refinery, the scrap metal market can be a tricky beast to understand. With the commodity market and stock market always changing hourly during the day, one can never be quite sure how it all works. Tom is going to walk you through some of the major factors of scrap metal pricing.
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We get it. Sometimes you go into a project with the best intentions and find out that you bit off more than you can chew. And that's fine! Chalk it up to a learning experience. Here are some things you can do when a scrap metal job is just too big for you.
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We're back with another Q&A! Tom loves answering your questions, so comment on our socials, videos, or email us with questions to be featured in the next one!
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From Winter to Spring to Summer to Fall. Scrapping is a year-round profession, but the way it's done changes with the seasons. For all those scrappers in states where the seasons change, they will understand the more difficult winter months. Your Southerners are lucky!
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We frequently see posts about burning copper wire scrap in order to release it from the plastic casing. DO NOT DO THIS. Tom explains why burning these wires is a big no-no and why you might find a lot of yards not accepting it.
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We take joy in begin able to help scrappers learn more and make more money. This week we have Tom answering some questions we've compiled from previous weeks. Reach out to us via our socials or email (info@iscrapapp.com) to have your questions featured on the next Q&A!
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Your first trip to the scrap yard can be a bit daunting. Maybe you've been reading up, doing your research in the Scrap Metal Recycling Group, and have heard some not-so-great stories from people visiting their yard. First off, don't worry; we have you covered. Not all yards are the same, but asking questions and having some insight before your first visit can go a long way.
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We've heard some horror stories (okay, maybe that's being a little dramatic) coming out of the cat world over the last few years - buyers being there one day when prices are high, to completely disappearing when prices drop. Having a consistent catalytic converter buyer is more important than scrappers know.
This episode is brought to you by RRCats.com: Fair. Consistent. Reliable
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RRCats.com - National Cat Buyers
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There are several options for scrapping a car, not to mention several ways to make more money on your scrap car. Some yards, like Rockaway Recycling, do not take cars on sight. So what are your options when yards don't accept a whole car? Or what if you don't have the time to bring the car down to the yard to scrap?
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We've seen some major copper price gains over the last week and a half, and maybe you've seen your yard's prices increase. With the way things are going internationally, we think these prices may be here to stay for a while.
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The idea of stamping catalytic converters to prevent thefts has been tossed around lately. What do you think? Would the idea work? Tom doesn't seem to think so. Find out why.
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As a scrapper, the most important thing you can do is keep your most important tool healthy and safe: your body! Today Tom discusses back and leg safety specifically, especially since lifting heavy material is common to scrappers. Keep safe out there!
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You may be noticing some scrap metal prices, like aluminum, for example, have slowly been increasing and that makes scrappers happy. But what else is increasing? Consumer goods; and that makes almost everyone unhappy. Inflation is the most likely reason for both.
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Did you leave the yard and notice a mistake on your receipt? Or a problem at the yard itself? Who should you talk to? As a scrap yard owner, Tom has a few ideas on what to do if you're having an issue and who to talk to.
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When you're selling your scrap catalytic converters, what do you look for in a buyer? Is it the best pricing (and be honest...)? Or do you look for someone more reliable and consistent? Although we all want to make the most money with our scrap, Tom poses a good argument for taking the consistent buyer over the highest one.
This episode is brought to you by RRCats.com: Fair. Consistent. Reliable.
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Over the last week, the copper price per pound has been extremely volatile, and that is typically a bad sign which could lead to downward pressure on the market.
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XRF analyzers are an investment for scrap yards, so if you happen to find a yard that owns one, we'd day you're pretty lucky. XRF analyzers provide clarity and transparency for yards and customers alike and could make you more money in the end.
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Copper usually takes the spotlight in the non-ferrous world, but aluminum has been shining lately (14-year highs actually!). Tom tells you a few of the reasons why you're probably seeing higher aluminum scrap prices at the yard. And the best part? These prices may be here to stay.
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Despite all the issues going on around the world - increased demand, decreased supply, supply-chain slowdowns, possible government shutdowns - metal prices remained steady and strong, surprising all of us.
Congrats to Patron Larry Cox 🎉 the winner of this month's Patreon giveaway! Every month, we will be giving away either a new tool or merch to say thank you to our Patrons for their support. Become a patron at any level to be entered into the raffle monthly!
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Scrapping safely should be at the forefront of your mind. We've seen too many injuries alone from group members of our Scrap Talk Recycling Group on Facebook, and figured it's time to talk safety.
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We had an awesome sit down with Tom's sister, Virginia Buechel, Director of Marketing for the iScrap App, about what we call the 'New Age Scrapper' and how through technology and utilizing the resources around them, have become very smart with their scrap metal decisions.
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We are seeing a lot of uncertainty coming from copper prices at the moment, but other metals such as aluminum, stainless, and nickel are all thriving within the last few months.
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The transition to electric vehicles is full-motion: the current administration is pushing hard for it, car manufacturers are setting all-electric goals for the near future, and everything seems to be working out, right? Well, there may be a slight problem...
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It seems like every week, we read a new incident of a scrap yard fire. Scrap yard fires can be scary and hard to extinguish. In this episode, Tom will tell you what yards do to prevent fires at the yard and what YOU can do as the scrapper to help prevent against them.
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Aluminum prices are seeing the highest since 2008, reaching over $3,000/ton. Meanwhile copper is still high but PGMs for cats are falling.
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What does E.V. charging stations and cell phone towers have in common? You can scrap them both! Tom makes an interesting comparison of the two and what you can scrap from each.
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What's the first thing you think of when you hear the words catalytic converter? Is it a vision of money (we all know by now the cats have significant value)? Yes, selling scrap catalytic converters can lead to a nice payday, but have you thought about the OTHER green associated with cats?
Brought to you by RRCats.com: Fair. Consistent. Reliable.
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The markets have not skipped a beat over the Labor Day Weekend (goodbye to all of you white pants lovers, that season has passed until MDW 2022), and we have seen prices relatively strong. One of the biggest things that we saw over the weekend was a few articles talking about aluminum pricing, and that market has made a powerful push over the last few months...let's hope that this remains.
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Recovery from this awful covid pandemic would mean many things: life returning to normal (or the new normal), everyone returning to work, and of course, no masks 😷 but have you thought about how it will affect the scrap metal market and prices? Tom has some thoughts here in this week's episode.
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Patrons saw it first! We can't think of a better way to start off Scrap You Later's interview series. Joined by his dad, Tom Buechel Snr, both Toms sit down for a friendly scrap metal talk, reminiscing on the old days of Rockaway Recycling, how they each got started in the industry, and how times have changed.
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We're seeing many reports of the price of copper scrap back up after last week's dip. Aluminum is staying strong as usual, but oil prices aren't budging.
We also announced the winner of our DeWalt x iScrap giveaway... was it you?
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Catalytic converter buying then vs. now. Hear how Tom's changed the way he buys cats over the years to become a better and more well-informed buyer.
Brought to you by RRCats.com: Fair. Consistent. Reliable.
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Scrapping. It's a great way to make some extra money on the side or if you are full-time, it's your way of living. Regardless of how often you are at the scrap yard, it's important to know the weights and what they mean on your receipts. Knowing what the weights means and reading your scrap receipt prior to leaving the yard can save you big bucks. Tom discusses some other simple tips you can implement to save yourself time and headaches.
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Introducing: iScrap 2.0! Our latest app version is out now for download. On the scrap market side of things, copper's been fluctuating everywhere while iron has dipped.
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The used car market is CRAZY at the moment, here in August 2021. With high prices and demand for used cars at the present, what does this mean for the scrap car market?
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What's the difference between alloys and metals, anyways? Tom discusses the various types of alloys and what makes them each special.
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Spooked investors and other outside forces are contributing to copper's recent fall while aluminum remains an ol' reliable metal. Find more market news and scrap prices inside.
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Infrastructure this, infrastructure that... Well, the bill itself has finally passed. So now what? Tom gives a bit of insight into how this new Infrastructure bill could affect scrap prices and the market overall. iScrap will continue to keep you updated on this as we see it progress.
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The push for electric vehicles is moving fast and with that, growing concern over how we will power this revolution. Will there be enough copper to go around and what happens if there isn't? Part of our E.V. series, Tom explores the possibility of a copper shortage and what that could mean for scrappers.
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Tom's seen some pretty crazy things throughout his 14 years owning Rockaway Recycling. Here are just a few of them. What are some of the craziest things you've found while scrapping?
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Looks like there are more scrapper problems than we thought! Tom addresses more of your scrapper problems in this week's episode and hopefully, this can help alleviate some. Try these solutions and tell us on our socials how we did.
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Prices aren't looking too shabby at the moment, even with that slight copper dip and steel prices decreasing. We had some great questions asked and a lot of fun with this week's report.
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Granulating copper: Do you know what it is? Should you do it? Well, we've heard this question quite a few times, so we figured it's time for Tom to address it.
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iScrap has always strived to be your go-to resource for anything scrapping-related! We compiled a few questions from listeners and followers over the last few weeks and had Tom give his own solution/take on it. Comment on any of our socials if you'd like your own questions answered on the next episode.
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Tom gives us a round-up of what's happened thus far in 2021 and even gives his predictions on what's to come for the rest of this year. Enjoy this week's 'Weekly Report'!
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Scrap carbide isn't always easy to come by, but if you know where to look, it could mean a good payday. July's Metal of the Month is Carbide, so let's dive in a learn everything a scrapper needs to know about it.
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Copper prices saw a HUGE drop this week, but how does that further complicate a very complex market? We have more news this week.
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"We want higher prices!" is of course the answer to this question we all want, but this is a question we always like to ask scrappers and get feedback on. In this episode, Tom discusses various things to consider before you start asking for higher prices and maybe finding various scrap yards too.
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Copper's steady, steel drops a tad, and aluminum is on fire. Lots of great questions were asked in this week's report. Join every Wednesday at 1 pm on YouTube or Facebook.
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Inflation is real and it's concerning the nation, with the new administration and COVID both adding to the madness. Released earlier to Patrons, Tom gathers his thoughts on the topic and discusses it in this episode.
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How do you decide when you should sell your scrap? When do you get conservative and hold your scrap metal? It's always a common question whether scrappers should hold or sell their material. While Tom is a big advocate of selling your scrap regularly, he understands sometimes there are times when it makes sense to hold onto specific materials.
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Even after the long 4th of July holiday, the markets have stayed relatively calm, with little movement from copper, steel, and aluminum. How is oil affecting all this? Find out in this week's Weekly Report episode.
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Did you just start recycling scrap metal? Whether you're just starting out or gathering your research, scrapping can be a great side hustle. Everything you need to know to get started is right here. In this episode, Tom discusses why scrapping is such a great place to start hustling for some extra cash.
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With the E.V. revolution among as (or fast approaching), a common concern among catalytic converter scrappers is "what's going to happen to cats if they're not on electric vehicles?" Well, it looks like you have some time before you really need to worry about cats disappearing. Listen to Tom's take on the issue in this week's episode.
Episode Brought to you by RRCats.com
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Oil prices and Covid have undoubtedly impacted the scrap metal world, and we've talked about it a few times before. Copper also hasn't made any large moves and we're happy it looks to be steadying out. More in this week's report.
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It’s been super hard to figure out what’s going on with these markets lately. We had a tremendous upside for a few months with copper, non-ferrous, and iron prices, only to be followed by a nice steady period and then a swift kick in the butt...
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Does your scrap yard require driver's licenses when scrapping? Are they legally required to? Tom discusses the reason for ALWAYS having your driver's license ready at the scrap yard.
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Where do you get your scrap questions answered? From catalytic converters to stripping copper and getting better prices at the yard, Tom answers your questions. We had a nice range of general scrap questions to specific inquiries. Want your questions answered on the next Q&A? DM us on any of our socials, comment on our posts, or email us at info@iscrapapp.com. Happy Scrapping!
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Why did copper prices drop this week? China may have something to do with it. Listen as Tom discusses this week's copper moves, how the EV market will affect scrap and answers scrappers' questions.
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The scrap markets and prices have been on a roller coaster all year. A lot of scrappers are regularly asking us why the markets are so turbulent and how they get to that point. In this episode, Tom discusses some of the outside and internal factors of why scrap prices have been so turbulent and what to expect for the remainder of the year.
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You probably have questioned whether you should report your scrap earnings in your taxes. It's the least favorite topic! In this episode, Tom discusses how scrappers can handle taxes and what some of our own iScrappers have suggested. It's important to know what is legally required of you and how you should approach the topic for your scrap metal earnings.
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Enjoy this week's Weekly Report! Tom answers YOUR questions and tells you where the markets are.
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Are you scrapping cars? Do you recycle the tires from them? It's a common problem that scrappers have whether they should try to resell or recycle them. In this episode of Scrap You Later, Tom discusses scrapping tires, what to do with them, and what becomes of them.
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One of the all-time favorite scrap metals for its easy hauling capabilities and prices. June's Metal of the Month is Aluminum! Enjoy Tom talking about all things aluminum, how to make more money with your aluminum scrap, and where the aluminum market is headed.
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Aluminum, Steel, Copper, Cats, and Your Questions; All discussed in this week's report.
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Do you crush your Aluminum Cans when scrapping? It may or may not be a good idea. Some yards allow it, while others don't. In this episode, Tom discusses it bringing crushed aluminum cans to the scrap yard. There are various things to consider of why or why not your scrap yard is going to accept cans if they are crushed.
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Hopefully, you listened to our first episode of the electric vehicle series. In this episode, Tom discusses Lithium-Ion Batteries: what are they, where do they come from, can they be recycled, and so much more. Tune in to hear about this electric revolution.
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The Weekly Report - Tom answers questions and discussed this week's scrap prices and market news.
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Oh no! That would be a nightmare for scrappers if there were no more cash payments. But...some scrappers are already making the transitions based on local laws. Many have concerns that cash payments at scrap yards will become a thing of the past, and Tom has some thoughts about this in this week's Scrap You Later.
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It's a problem in the scrap world: Theft of Catalytic Converters. And it's hitting the legit scrappers and scrap yards hardest. It's easy to blame the scrap yards buying cats for the rise in catalytic converter thefts, however, that's not a fair assumption. RRCats and numerous other credible cat buyers do what they can to deter and prevent buying stolen cats, and Tom discusses it in this week's Scrap You Later episode.
Episode Brought to you by RRCats.com
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Tom discusses the steady prices we are seeing recently and where the market is headed. Tune in every Wednesday at 1pm on either Facebook or YouTube for the Weekly Report.
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Ever feel like you've been taken advantage of on prices, weights, or type of materials at your scrap yard? One complaint that we hear a lot is scrappers thinking they are getting taken advantage of from their scrap yard. Unfortunately, some of the complaints are warranted so this week Tom discusses some ways you can prevent yourself from getting taken advantage of at the scrap yard.
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Whether you scrap full-time or part-time, you have probably thought about forming an LLC for your scrapping business. Constant questions include: Should I create an LLC? What is an LLC? Why should I become an LLC? In this episode Tom discusses the options you have while forming an LLC. He goes through the Pros and Cons about becoming an LLC for your scrapping services.
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Copper prices have soared since bottoming out in March of 2020 at around $2.00/lb. We now are approaching copper prices that are trading at $4.79/lb. Many of you throughout the country have seen some of your higher-grade copper prices reaching over $4.00/lb and we could not be happier for you all.
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Ever think about scrapping a motorcycle for the water? During tragic natural disasters, unfortunately, scrap is a bi-product that needs to be moved by scrap yards. Tom shares his story of when he was given the task to scrap Wave Runners after an East Coast storm.
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If you have scrapped, at some point you have hauled iron or steel at some point. May's Metal of the Month is Iron. Listen and learn about all things iron: from its history to uses in everyday life, to how to make more money with your iron scrap. It's one of the most common scrap metals seen regularly, so knowing where it comes from and how to make the most money from it can be helpful.
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With copper prices rising and worldwide demand increasing, we won’t be surprised to see a quick decrease or a fast increase up to $5/lb. within months, if not weeks.
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We received a question from a scrapper in our community asking what the percentage of business at a scrap yard is from scrappers/peddlers compared to contractors or demolition jobs. Tom gives some insight on what a typical scrap yard could expect but also explains, that many of them are different.
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Unless you have lived under a rock, you probably have heard about the electric vehicle (EV) movement. This episode marks the beginning of our Electric Vehicle series. Over the coming months, Tom will discuss the different moving parts of the E.V. market. In this episode, Tom explains the major role copper will play in the push for electric vehicles and further electric infrastructure around the country.
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Increased prices have been fueled by increased demand in the world's economic recovery. As a result, we have seen scrap yards increasing their prices over the last couple of weeks by about $0.30/ lb. on copper #1 and #2 on average.
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Ever been to the scrap yard for the first time in weeks or months and it seems prices stay the same? This is a common question we get from scrappers that are regularly checking prices and seeing where the market is heading. There are a lot of factors that play into scrap prices, so knowing those and also taking into account your scrap yard's position is helpful.
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How does the new Infrastructure Plan affect scrap prices and the demand for scrap? There is a lot of buzz around how scrap yards going to be increasing/decreasing prices based on demand. This week, Tom explores how it directly affects scrappers and what to expect for scrap prices, supply/demand, and much more.
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With copper leading the way over the last week, with gains of $0.20 per pound, we have seen all reported prices jumping. More importantly, we continue to see the aluminum market gaining steam and momentum moving forward. Steel this week didn't have its best showing.
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As a scrapper, you contribute to the green movement while putting green in your pocket. While it may not seem like a big deal in the scrap world, Earth Day is on April 22nd and it's a great time to reflect on all the great recycling initiatives that scrappers are responsible for. Keep on scrapping and saving the earth!
Below are some common metals and the energy that is saved when recycling them:
- 92% for Aluminum
- 90% for Copper
- 56% for Steel
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When was the last time the iScrap App on your phone was updated...probably years. Well, we have some good news! Tune in this week with Tom and how the iScrap App has been changing for the scrapper. We have some new exciting features coming to the everyday scrapper, contractors, and those looking to stay updated with market news.
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For the last few weeks, copper seems to go from being the most talked-about subject to the most boring one. The best news is that it is exactly how we like it to be. Copper prices have barely moved over the last few weeks, with very minor up or downswings, which has shown stability in the market for the first time in months. These are positive signs that we're happy to see across the industry from traders to scrappers. Read more: https://iscrapapp.com/?p=1219115
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This episode Tom shares a story of his early scrapping days when a customer came to the scrap yard (Rockaway Recycling) and tried to sell copper wire that was taped together. Tom recommended to the customer to remove the tape so he can get a better price. With the reaction of the customer claiming that scrap yards are all thieves, Tom had to make a decision to protect his integrity and business.
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Every month the iScrap App Team is going to bring you details on various metals and materials so you can learn more about them, where to find them, how to make more money, and so much more. This month we are covering Copper.
What is it?
- Copper is a chemical element, a reddish, extremely ductile (able to be drawn out into a thin wire) metal.
- It is an unusually good conductor of electricity and heat.
Where does it come from?
- Copper is found in the free metallic state in nature.
- First used in 8000 BCE, it was a substitute for stone by New Stone Age humans.
- The Roman supply of copper came almost entirely from Cyprus, known as aes Cyprium, "metal of Cyprus".
- Most copper occurs in ores and must be smelted, or extracted from its ore, for purity before it can be used.
- About 2/3 of the copper on Earth is found in igneous (volcanic) rocks, and one 1/4 occurs in sedimentary rocks.
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One of the things that have confused us about the scrap industry is how much scrap yards want to hide versus what their customers want to find. We have found that through talking to people over the last few years, they just want to know what’s going on. We fully intend on letting people learn, talk, and link together in the scrap metal world. Read more: https://iscrapapp.com/?p=1219045
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TRANSPARENCY - It's what we strive to bring to the scrap metal community day in and day out. Our goal is to be clear and provide helpful information on an industry that has historically kept its customers in the dark. We are here to shine a light on the ins and outs of scrap.
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Ready to make more money on scrap? Here are some tips directly from Tom, the creator of the iScrap App and a scrap yard owner of Rockaway Recycling. He discusses how you can approach your scrap yard to ask for higher prices, better tier pricing, and more. It never hurts to ask!
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Every scrapper at some point has felt they have been ripped off from a scrap yard. In this episode, Tom discusses some of the options of what you can do before you bring your scrap to cash in. These tips are great ways to protect your materials and weights. Knowing what kind of scrap material you have before you go can save you the headache.
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Want to know where our roots are? This Pilot Episode is where it's at. This week, Tom the creator of the iScrap App walks you through some of the history, backstory, and failures of what the iScrap App went through to get to where we are today. We want to hear from you about your questions about what we do and how we do it. Feel free to email us with your questions: hello@iscrapapp.com
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So what do we know? Why should you listen to our advice about scrap? Well, we're not just an app company, we were born from a scrap yard. In this episode Tom discusses the iScrap App's position in the scrap industry and why we have a "transparency-first" mentality.
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