Why Did the Price of Aluminum Fall Recently?

Posted on December 4, 2014 by admin

Aluminum is a popular and widely-used metal for several industries and markets. Smaller commodities like soda cans, tools, eye glasses, gutters, packaging, and so forth are common aluminum products; whereas, larger ones like airplanes, high-speed trains, cars, trucks, construction equipment, and more make up a huge part of the aluminum market as well. Recently, the price of aluminum has fallen drastically, sparking questions about its changing values. There are several factors, both economic and organic, that influence the price of aluminum and other metals.

Continue reading to learn more about these factors, and why the current value of aluminum might be so low.

Factors that Influence the Price of Metal

Because aluminum metal is used in several industries across the world, its demand is constantly changing. Changes in demand are the root of the rise and fall of aluminum prices. The industries that use the majority of alumina in the world are the ones that influence these prices the most, and for a few different reasons. Here are the industries that use the most alumina, or produce the most aluminum, and the reasons their demand for the metal might fluctuate:

Construction and Building

The construction and architectural industries make up a large part of the demand for aluminum. In most modernized countries, more than 25% of all aluminum produced ends up being used in the construction markets. The demand for aluminum increases as residential, commercial, and industrial construction rates increase. And when demand for aluminum increases, the price for it does as well. When construction markets are at a low production rate, the demand for such metal might decrease, rendering lower prices for aluminum.

Transportation

In almost all developed countries, the transportation market makes up a majority of demand for aluminum. Cars, trains, airplanes, buses, and more are all made with aluminum. Car manufacturers like General Motors, Chrysler, and Ford are using more and more aluminum for car production for lighter cars, compact vehicles, and smaller trucks. Vehicles were once made with primarily steel, but now more than 300 pounds of aluminum can be found in current make and model cars and trucks. Since the use of aluminum in automobile manufacturing is becoming more and more popular, the demand will increase, along with the price.

Energy Prices

The cost of energy can greatly influence the cost of aluminum. The reason for this is that the production of aluminum requires a constant supply of electricity. In fact, more than 25 percent of the cost of producing aluminum is energy usage. If the cost of energy increases, it means the cost of smelting alumina does as well. If the production process for aluminum costs more, then the result would be either an increase in price, or a drop in demand.

Aluminum Recycling Services in Indianapolis

Call Zore’s Recycling at 317-244-0700 for easy aluminum recycling services in Indianapolis, Indiana. We are an experienced metal recycling company that offers the most convenient aluminum recycling services around. We accept all commodities made from aluminum, such as soda cans, food cans, cars, construction equipment, appliances, sheet metal, and much more. Call 317-244-0700 to learn how to earn cash on the spot when you recycle aluminum in Indianapolis, Indiana.

Patriotic Benefits of Recycling Metal

Posted on October 28, 2014 by admin

Metal Recycling Center 317-244-0700

Recycling metal has countless benefits! The most obvious benefits, of course, is the positive environmental impact potential and its cash-making qualities. But if cash-on-the-spot and Eco-friendliness are not on your top priorities list, then consider the patriotic impact metal recycling has on our beloved country. That’s right! Metal recycling can be as patriotic as the American flag if you think about it. If not for the “greener good” than at least recycle metal for its patriotic benefits!

Continue reading to learn some fun facts about metal recycling, and how it renders patriotic advantages for this country.

Recycle Metal Like an American

Standard recyclables in the everyday household include aluminum cans, baking foil, cardboard, and plastic. We are going to focus on the two most common household recyclables; aluminum cans and baking foil. When you think about natural resources, you probably picture flowing rivers of water, wind, sunlight, and other natural phenomenons us humans cannot live without. But have you ever considered aluminum cans as a natural resource? Probably not; but the truth is, Americans use and toss out nearly 3 million tons of aluminum every year!

But the natural resource-part comes in when you learn that nearly 50% of that is recycled and reused! This has a huge impact on our environment, and allows us to cut back on mining and natural resource consumption. At another angle, the environmental savings on metal is substantial. This is where patriotism comes in play. What is more American than supporting and contributing positively to the country’s financial situation?

Aluminum Recycling 317-244-0700

When an aluminum can is recycled, it can be recycled, reprocessed, and put back on the shelf in less than 60 days! Aluminum cans are 100% recyclable, and we only recycle about 50% of them. If we could increase that data, then we could save endlessly on the energy required to manufacture new cans. One recycled can of aluminum saves enough energy to operate a television set for three hours! And there are several companies and recycling centers that pay cash for aluminum cans and products. There is really no excuse to not recycle your aluminum!

As far as aluminum foil goes, it has a history worth learning about. During World War II, Americans worked fervently to save all aluminum foil, even pieces as small as wrapping from a stick of gum, in support of the troops and the war efforts. In 2010 alone, nearly 500 million tons of aluminum foil was thrown away. This is sad because foil is 100% recyclable and can be melted down, cleaned, and reprocessed back into foil, infinitely! This is substantially less costly and requires much less energy in mining productions to make new aluminum.

Although there is no war right now, foil recycling helps save energy and reduces negative effects on the environment. As an American citizen, it is only noble and patriotic to uphold the tradition of recycling foil in order to support American efforts. And those efforts today are focused on energy conservation, protecting the environment, and our preserving natural resources.

Zore’s Recycling – Indianapolis, Indiana

Indianapolis Metal Recycling 317-244-0700

Zore’s Recycling pays cash for recyclable metal in Indianapolis, Indiana. Call them today at 317-244-0700 to recycle metal for cash in Indianapolis. They accept all metal; including aluminum, steel, stainless steel, iron, cast iron, precious metals, and much more. Call 317-244-0700 to recycle metal in Indianapolis, IN today.

Aluminum Metal Recycling is Easy and Profitable!

Posted on May 21, 2014 by admin

Aluminum Recycling 317-244-0700

Aluminum, or aluminum alloy, is a very popular and widely used metal in America. Products and commodities such as eyeglasses, gutters, soda cans, bicycles, trailers, sports equipment, car engines, and even airplanes commonly retain aluminum and aluminum alloy components. Unfortunately, these items eventually lose their value and end up in an overflowing junkyard or landfill. Discarded aluminum metals and aluminum products are a large contributor to the amount of waste found in the environment all over the world. The bright side to this unfortunate statistic is that a solution exists; and the solution is aluminum metal recycling!

Aluminum Scrap Metal Recycling

Aluminum products and alloys are among the most simple and ordinary metals to recycle in the world. Because there are so many products and commodities manufactured and produced using aluminum alloys, there is much to be recycled in order to benefit the environment. Fortunately, aluminum recycling is simple and hassle-free. There are countless ways to recycle aluminum items and scrap metal in your town. The most common method of recycling aluminum in municipal areas is to contact or drop off your aluminum waste at a local metal recycling plant or company.

Metal recycling companies generally except all forms of metal waste products, including anything made from aluminum alloys. In fact, some metal recycling centers pay cash for scrap metal aluminum and other types of scrap metals. Also, it is common for metal recycling businesses to offer free pickup and drop-off services for local residents and their town or city center.

Another option for aluminum metal recycling would be to reuse scrap aluminum metal in a new and creative way that benefits your home or business. This do-it-yourself approach is common for individuals that wish to get involved and greener efforts, especially recycling. If you have a bunch of old soda cans, consider taking up our project featuring soda can labels; or reuse leftover aluminum sheet-metal for lining and insulation in your neighbors brand-new shed! There are several ways people can reuse metal products and waste instead of throwing them away in a junkyard. Consider these options and get started supporting your local ecosystem and environment! Start by recycling and reducing waste to protect our planet!

If you have any scrap aluminum metal, or other types of metal waste, contact your local metal recycling center for assistance. In most cases, all it takes is one phone call in your metal waste can be picked up and purchased all in one day! Be sure to choose an accomplished Indianapolis Metal Recycling Company with professional credentials, and provides convenient amenities for its customers and clientele. This includes pickup and drop-off services, cash for scrap metal, free quotes, 24 hour services, and of course, friendly and professional company representatives.

Recycle Aluminum Scrap Metal in Indianapolis

Indianapolis Metal Recycling 317-244-0700

Call Zore’s Recycling at 317-244-0700 to recycle aluminum scrap metal in Indianapolis, Indiana today. We are highly trained and experienced metal recycling technicians that offer the highest returns for aluminum recycling and scrap metal in Indiana. We are proud to offer free pickup services if you have any scrap metal that you would like to recycle and get paid for all the same time! We accept old appliances, junk cars, tools, sheet-metal, equipment, cans, electronics, and much more. Contact Us at 317-244-0700 and speak with a professional and friendly metal recycling representative. Get free information regarding Indianapolis aluminum recycling services and amenities, 24 hours a day and 7 days a week!