1. Sort your wires before selling
If you have not read our blog entry on the different types of household wires, we recommend you to do so before proceeding further! The number 1 rule when it comes to selling copper wire is to learn how to separate them according to their grades. Doing so, you will receive more money when you sell your copper wires at any recycling yard. These grades are differentiated according to the percentage of the copper in the wire.
2. If possible, remove the insulation.
If you are able to strip the wires down to the copper, it is definitely going to give you a higher return per kg. Having said that, you have to factor in the hours used to remove the insulation, electricity (if you are using machine) and the cost of disposing the insulation. As a safety precaution, removal of the insulation to retrieve the copper must be done while wearing personal safety equipment like hand gloves.
3. Like diamond, the bigger the copper, the higher the value.
In general, the bigger the copper in ratio to its insulation, the higher the value of the wire.
4. Profitable side business
Collecting and recycling scrap wires can be a profitable side business given how much electronic waste there is in Singapore. Furthermore, a recent article by straits times shows that most Singapore are unaware of how to recycle, A short walk around any HDB neighborhood should give you a good chance to salvage a few kilograms of scrap meals and wires.
5. Ask for 3 quotes
For the best price, bring your scrap down to Sin Hong Poh Metal Trading. We offer the most competitive price for all types of scrap metal, wires and others. Have a question to ask? Leave a comment below or contact us today for more information!