4 Ways to Invest in Copper

Posted on June 23, 2016 by admin

Indianapolis Copper Recycling 317-244-0700

Are you considering a new investment? If so, you should certainly think about investing in copper. That’s right, the metal! Copper has played a major role in human development for thousands of years, and continues to play a vital role in several of today’s industries. This makes it a wise and lucrative investment for anyone new to the stock share world. Continue reading to learn four common ways to get involved in copper investing, and where your money will pay off the most.

ETF’s and ETN’s

Copper ETF’s and ETN’s are possible methods of investing in copper. ETF’s, or exchange-traded funds, are investment funds that are traded on stock exchanges in a very similar to stocks. They hold assets, such as commodities, bonds, or stocks; and they trade close to their net asset value over the duration of a trading day. ETF’s are a good fit for investors looking for a low-maintenance investment. Two options for ETF’s include choosing a broad-based metal ETF, or going with a “pure play” option of the iPath Dow Jones-UBS Copper ETN (JJC, which delivers returns based on a future-based strategy.

ETN’s, or exchange-traded notes, are debt instruments linked to the return of a certain asset class. There are two primary options for ETN’s: 1) Global X Copper Miners ETF (COPX) and 2) First Trust ISE Global Copper Index Fund (CU). Both ETN’s invest in stocks of companies who’s revenue is derived from the sale of copper, but COPX offers more of a pure play on copper mining companies.

Futures

Copper futures are stocks that are traded on the London Exchange (symbol CA) or the COMEX division of the NYMEX (symbol HG). Under the COMEX division of the NYMEX, one contract is equivalent to 25,000 pounds of copper. But copper futures are subject to NYMEX position limits. Under the London Exchange, one contract is equivalent to 25 tonnes.

Physical

You can choose to physically invest in copper by purchasing and storing actual copper metal. And since copper is cheap, you can take advantage of buying in bulk for a good start. You might be thinking pennies, but don’t. Pennies are made of a mixture of zinc and copper, and not strong assets for copper investors. Look for copper sheet metal, rolls, and wiring instead, for a more valuable inventory. You may also choose an ETF that gives access to physical copper. For instance, the Securities Physical Copper ETF trades on the London Stock Exchange under PHCU.

Stocks

You can choose to purchase stock of companies that engage in the mining and selling of copper metal. Buying copper stocks is not a bad idea. But choose from the wide selection of companies, carefully. The profitability of these companies largely depends on the current market value. Companies that focus just on copper metal include Jiangxi Copper Company, Freeport Copper, Equinox Minerals, Lundin Mining Corp, and XStrata PLC.

Zore’s Metal Recycling

Indianapolis Metal Recyclers 317-244-0700

Call Zore’s Metal Recycling at 317-244-0700 for information about copper recycling or selling copper for profit in Indianapolis, Indiana. We recycle all types of metal, but we especially love copper! If you have extra copper, and need some extra cash, we will pay you on the spot for your copper! We accept copper wiring, electronics, appliances, power tools, construction equipment, cars, trucks, boats, and more! Call 317-244-0700 to learn how to get involved in the copper metal recycling industry, today.

The Most Valuable Scrap Metal as of March 2016

Posted on March 11, 2016 by admin

Indianapolis Metal Recycling 317-244-0700

If you are a person who keeps track of current scrap metal prices, then you already know which metals are topping the charts this month. If you are a person that wants to profit from scrap metal recycling, then you may want to pay attention and stay up-to-date with the changing metal values on the market as much as possible. This month, the number one and two scrap metals that are worth the most money are Bare Bright Copper. Continue reading to learn more about these copper alloys and how much
they are worth today.

Bare Bright Copper

If you have a big pile of scrap metal on your hands, whether it be from a recent construction job or building dismantle, you may be interesting in selling it for profit. In this case, pulling out all the bare bright copper is a good place to start. Right now, bare bright copper wires have the most value in the scrap metal world. These include insulated wire, THHN wire, and Romex wire. Bare bright copper is reddish in hue, unalloyed, and uncoated. Look for wires like these, but be sure to avoid tin-coated copper wires. Currently, bare bright ranges in price from $1.85 to $1.95 per pound.

#1 and #2 Copper

The second and third most valuable scrap metal on the market right now are #1 and #2 copper. There are a few differences between the two. Number one copper is entirely clean and has nothing on it. It is uncoated, unalloyed, un-insulated, and free of casings, soldered joints, impurities, and attachments. Number two copper is unclean, has all soldered joints and fittings still attached, and has its casings burnt off. It contains impurities like tin coating, paint, and more. Current prices for #1 copper ranges from $1.72 to $1.82 per pound, while #2 copper ranges in price from $1.55 to $1.70 per pound.

Indianapolis Scrap Metal Recycling

Indianapolis Metal Recyclers 317-244-0700

Call Zore’s Recycling at 317-244-0700 to get the most cash for your scrap copper wire in Indianapolis, Indiana. We have been in the scrap metal recycling business for more than 30 years and offer the highest returns for scrap metal in town. We accept all scrap metal, including copper, steel, iron, and more! Call 317-244-0700 for information about current market prices for scrap metal in Indianapolis, IN today.

Interesting Facts about Copper

Posted on December 15, 2015 by admin

Indianapolis Copper Recycling 317-244-0700

Copper is a fascinating metal, especially because it is used in such a broad range of industries; such as industrial, chemical, technological, and artistic trades. It is a conduit of electricity, as well as, a dietary element. It is a magnificent metal that has endless forms, uses, and advantages. It was first discovered over ten thousand years ago by ancient civilizations, and has been a primary tool and key component to all living organisms. Read on to learn why it is so valuable, and catch up on more interesting truths about this inspiring metal we call copper!

Copper is a Natural Metal

Copper occurs naturally in the outdoors. It is soft and malleable in its purest form. A non-corroded surface will appear reddish or orange in color. This is the most recognized look of copper, today. It is one of the few metals that is one hundred percent recyclable because of its natural makeup. However, there are various other metals made of copper constituents that can also be recycled.

Copper is Vital in the Survival of All Living Organisms

As mentioned before, copper is a key component in all living life forms. This is because it is a dietary mineral. Depending on the organism, it can be found in organs, blood, muscle, and bone. It is an essential trace element that every living thing requires.

Copper is One of the Most Naturally Plentiful Metals on Earth

It is a fact that there is still a vast amount of natural copper in just the first kilometer of the Earth’s crust! It is suggested that this much copper could mean we can continue to mine copper at our current rate for the next five million years. That is fascinating and good news! An extra fact; copper is not only found inside the Earth’s crust, but also in massive stars in space.

Did you also know that it is estimated that nearly eighty percent of the world’s mined copper is still being reused and fluctuated around to this day? This is why recycling metal is so great for our environment! It is one of the most popular metals to recycle, under aluminum and iron. It can be melted down and reused over and over again. Copper plays a vital role in our environment, and the growth and sustainability of all living plants and creatures, including ourselves. It is truly a magical and fascinating element.

Zore’s Recycling

Indianapolis Metal Recyclers 317-244-0700

Call Zore’s Recycling at 317-244-0700 for more information about recycling copper in Indianapolis, Indiana. Not only can we give you more fun facts about copper and other metals, we can give you free over-the-phone quotes on scrap metal prices in Indiana. We offer all metal recycling and reprocessing services; such as all metal recycling, auto recycling, appliance recycling, junk car removal, and much more! When it comes to recycling copper in Indianapolis, Zore’s Recycling is the team to trust for the highest return!

What are Red Metals?

Posted on June 25, 2015 by admin

Indianapolis Copper Recycling 317-244-0700

Red metal is a colloquial term used for the common alloys we know as copper, bronze, and brass. They all retain a reddish hue similar to one another, earning them the aforementioned moniker. Although all three metals are similar in color and even share a nickname that supports this similarity, they are all quite different when it comes to composition, qualities, and more. Continue reading to learn more about red metal, and the differences between copper, brass, and bronze.

Copper

Copper is resistant to corrosion, highly durable, malleable, and retains superior thermal and electrical conductivity. These qualities have proven to be highly beneficial and purposeful in several industries, including electrical material and product manufacturing, automotive, and plumbing. Not only is copper corrosion-resistant, it combats bacterial growth. For this reason, it is commonly used for door knobs and other surfaces that are touched frequently.

Bronze

Bronze is an alloy of copper, containing copper, as well as, other materials like tin or aluminum. Other metallic ingredients used in combination with copper to make bronze include arsenic, manganese, phosphorus, and silicone. Bronze is harder than copper but has a duller gold-like color in comparison to the other two red metals. Bronze also has faint rings on its surface, making it easy to tell it apart from copper and brass. It is used to make medals, plaques, musical instruments, hardware like bearings and bushings, and more. Types of bronze include tin or phosphor bronze, aluminum bronze, and silicone bronze.

Brass

Brass is simply an alloy made from copper and zinc. The amount of zinc can vary, creating brass metals that vary in color and other properties. The more zinc there is, the more durable and less ductile the brass will be. Although one of the three red metals, brass can also range in color between yellow and orange, depending on the zinc content. Brass is primarily used to make décor, as it resembles gold, and also in musical instrument manufacturing and design.

Sell Your Scrap Metal for Cash

Do you have extra metal laying around that you want sell for profit? Even junk scrap metal can be sold for cash on the spot! Things like electrical wiring, laptops, stereos, appliances, general electronics, sheet metal, pipes, cars, and more can be traded for fast cash no matter what condition they are in!

Zore’s Recycling

Indianapolis Metal Recycling 317-244-0700

Call Zore’s Recycling at 317-244-0700 for information about copper recycling in Indianapolis, Indiana. For more than 75 years, our company has provided trusted metal recycling services to all the surrounding Hoosier communities and businesses. We pay cash on the spot for scrap metal, including copper, bronze, brass, tin, aluminum, steel, iron, platinum, gold, and more. Call 317-244-0700 and speak with a friendly and knowledgeable company representative about our Indianapolis metal recycling services and current market values.