Oil Rates Have An Impact on Rates of Metal Scrap?

If the prices of oil dwindle, does it have any effect on the value of scrap metals? Yes, the oil prices have an impact on prices of all items from scrap metals to commodities like plastic. Since the oil prices fluctuate periodically, and often, they do affect the prices of scrap metals in many ways.

How do oil rates impact rates of metal scrap?

Consider oil rates surge. It will make it pricier to run the machines and to take care of their maintenance. This overhead will also impact production cost of metals driving the rates higher. If the metal prices go up, naturally the scrap metal prices will also surge. Similarly when oil rates go down, the reverse effect in the prices of metal scrap takes place.

The impact is unpredictable but can be felt throughout the globe

You cannot be sure that when oil prices shoot up, rates of metal scrap will also rise. In today’s market the prices of metals like aluminum and copper are controlled by traders’ union that have their say in the stock markets as well throughout the globe. Hence, determining the prices of scrap metal is not as simple as it used to be before the year of 2000.

It is therefore important that before you take your metal scrap to the scrap yard, check the latest prices that nearby scrap yards have posted on their website. If you need any assistance, contact our expert team of Scrap metals in Doha who will assist you to get the most lucrative value for your metal scrap.

Image Source:rockawayrecycling.com

Why Recycling Your Old Battery Metal Scrap Is The Best Option?

Throwing your batteries in usual recycling bins or public trash is harmful as they consist of highly toxic elements. Such disposed batteries contain scrap metal elements like lead and mercury that contaminate drinking water if left to deteriorate in a landfill. So what is the solution? Recycling battery scrap metals.

Recycling Household Batteries

Usual household batteries can be recycled at scrap metal yards that accept them. Recycling batteries give two benefits. One, you prevent environment degradation that leads to consequences like contamination of food and water when disposed in trash. Two, you earn money by recycling redundant metal scraps like batteries. So it is a win-win for you.

Tips to get good worth for old batteries and for safety-

• Store the dead batteries in dry places that cannot be accessed by kids.
• Store batteries for recycling with tapes wrapped over their ends. This prevents acid leakage from batteries which is dangerous. 

Recycling Rechargeable Batteries

Use of rechargeable batteries is a good thing as it decreases the amount waste and energy that is produced during usage and manufacturing of new batteries. However, rechargeable battery metal scraps have more toxic substances. Hence, it becomes even more important to have these recycled at scrap metal yards than dumping them in landfills. Similarly, you can recycle old car battery metal scrap.

Do you have lots of metal scrap that occupies your space at home or office? Our Scrap metals Qatar team will help you recycle all the old and useless metal scrap you have for a good return as well as make your home and office spacious. Contact us now!

Image Source: tiptoptens.com