Many people ask a question before starting the scrap copper wire recycling business: What is the development prospect of scrap copper recycling? If you have the same question, this article will help you. Next, I will introduce the development prospect of scrap copper wire recycling from the aspects of copper recycling products and cable recycling profit analysis.
Scrap copper wire and the recycled copper & plastic
As the survey shows that the wires are used for a long time, the outer skin of wires may be corroded or the inner core may be damaged. The new wires must be used to replace the old wires to ensure smooth production or timely power supply, so there is a large number of wires are discarded every year. These discarded wires contains copper and plastic. the copper could be made copper ingot or sent to the metal dealing factory make new copper products. The pure plastic could be or be sold to the plastic processing plants that used for making any new plastic products.
The recyceld copper can be used to made for new products
According to International copper association, global copper production in 2016 was 21,698 tons, but global copper demand has reached 21,654 tons, so recycling copper can alleviate the shortage of copper.
Survey data of International Copper Association
Another reason for the good development prospects of scrap copper recycling is high profits. [Related recommend: How to recycle wires and cables for cash?]. Next, we will make a simple profit analysis on the development prospects of scrap copper wire recycling：
a. Market price: The price per ton of waste cable is $2715, the market price of pure copper is $6,000/ton, and the price of plastic wire is $170/ton.
b. Cost: According to the cost of processing 1 ton of waste wire, it is 2715 dollars. The copper rice machine consumes electricity and labor in production plus the rent is about 145 dollars.
c. Production: 1 ton of waste wire can get 0.5 tons of copper, 1 ton of waste wire can get 0.5 tons of plastic, gross profit total income of 3085 dollars.
d. Net profit: Except for recycling used cable and cable for $2715.
Our copper wire recycling machine has different processing capacity, 600-800kg/h, 800-1000kg/h, and you can also customize 1 ton per hour equipment according to your needs. If your processing volume is larger, the profit will be faster.
In summary, the development prospects of scrap copper wire recycling are considerable. If you are interested in copper wire recycling machine, you can always contact us, our professional project manager will give you a professional answer.