Copper, a non-ferrous metal, considered as one of the best conductors of electricity. It has the tendency to hold up to 90 percent of new copper value and it is a very popular choice for a majority of scrap metal collectors. Copper has been in use for the last 10,000 years, the longest time period for any metal.
It is very interesting to note that processing of recycled copper can be done easily, utilising very less energy as compared to processing of new copper from its virgin ore. You can easily save as much as 85 to 90 percent of the energy requirements. Also, you will be surprised to know that recycled copper is worth up to 90 percent of the cost of the original copper. This is the reason why Scrap Copper Prices in Sydney and elsewhere don’t fall that much.
According to statistics, in 2014, roughly 34 percent of domestic copper was recovered from recycled material and the remaining was generated from newly mined ore. While wire supply is produced predominantly from fresh refined copper, about two-third of the amount used by other industries like copper & brass mills, ingot makers, foundries and others is from recycling.
These were some of the popular applications of copper. Hope you find this read interesting and informative.