Nickel

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As a scrapper, you should look for the value in things deemed worthless. The artistry of scrapping is knowing where the value is hidden, and how to find it. To most people, copper seems to be the way to make money; “The money in scrap comes from the copper” says they. Well methinks differently. I have a newfound obsession with nickel. Nickel, Ni, atomic number 28 is a wonderful metal. It is found most commonly as an ingredient in high grades of stainless steel, in superalloys, and magnetic shields. The point is, its a damn useful metal thats just as important as copper, and lucky for us scrappers, much more valuable.
Nickel spot prices are currently hovering around 10 dollars per pound. Thats 3 times as much as copper.
Thats wonderful, you think, but what is the scrap price. Well thats just it. Scrap nickel is a hard thing to come buy and people dont recycle it often.
A scrap metal network is structured as such. You bring metal to a yard. The yard buys from you and everybody else. The yard sorts and stores large quantities of specific metals. The yard sells these large quantities to the largest bidder, usually refineries, or sometimes a second middle man, who then sells to refineries. For a scrap yard to pay you a good price for nickel, they need to have good connections to sell the bulk nickel.  Because people don’t bring in nickel scrap often, the scrap yards don’t have current prices, or very good connections for that matter, to sell their bulk nickel scrap.
Near me, this happens to be the case. I happened upon some nickel alloys and thought I would sell them, but most of the yards near me would only buy them as a relatively low grade stainless steel. After I called around, I got to talking to the manager of a yard that had a decent connection in the nickel refining market. He called his guy, and then called me to offer me $5 a pound for my alloy. Now weather I was getting a good deal or not, I don’t know; but I tell you what, it was much better than the 2.55 per pound for copper I have been getting.
So, with a bit of luck, skill, and reverse engineering, maybe you can find some nickel and make a pretty penny….Sorry.

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