Market Analysis Of Copper Wire Recyclingby Jessie Garan Marketing We use copper today more than ever before. According to the annual Metal Stocks in Society Report, developed countries use approximately 140-300 kilograms per capita, with less-developed countries using between 30 and 40 kilograms. Because of this increase in use and drop in global reserves, the price of copper has jumped dramatically over the last decade.
Today’s copper reserves are still quite large, however due to an increase in use in growing and developing countries around the world, our international reserves will not be able to sustain the current rate of consumption. Beginning in the year 2000, demand jumped by a sizable amount as countries such as China began increasing use in industrial and technological development.
The Market Analysis Of Copper Wire Recycling
There is a market for recycled copper wire. Metal recycling and salvage companies across the province buy old copper wire and send it for re-refining or smelting. Recycling means less new material is needed for manufacturing and at the same time, it means less copper is being dumped into our landfills.
However, some of the old copper wire is covered in insulation which must be removed before the copper wire can be recycled. The insulation can be safely removed by a wire stripping machine or granulated by copper wire granulator.
Three Benefits Of Recycling Copper Wire
A. Less Landfill costs
Copper and copper alloy objects which are not recycled may otherwise be discarded in holes in the ground which is called landfill. These holes are hastily being filled up and, as they become rarer, landfill becomes a very costly option for waste disposal.
B. Environmental Protection
During mining and refining of copper, dust and waste gases such as sulphur dioxide are formed which may have an injurious effect on the environment. But by recycling scrape coppper wirewith mechanical process, there is nearly no harmful gas emitted.
C. Energy Saving
In order to extract copper from copper ore the energy required is roughly 100GJ/tonne. Recycling copper uses much fewer energy, about 10GJ/tonne, which is only 10% of the energy required for extraction. This energy saving leads to the upkeep of valuable reserves of oil, gas or coal and decreases the amount of CO2 released into the atmosphere.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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