Copper; Scrap Metal of the Future
When you think of precious metals, gold, silver, and platinum are probably the first to come to mind. But, what if we told you that copper scrap metal is quickly becoming the next big metal? In fact, in an analysis titled “Copper is the New Oil,” Goldman Sachs predicts copper will approach $51,000 per metric ton by 2025. So, why is copper rapidly becoming the metal of the future? In this article, we will explain why there is an increase in the demand and price of copper. Then we will discuss what you can do to reap the benefits of copper scrap metal. First, let’s talk about copper in today’s day and age. Transition to Renewable Energy Increases Demand for Copper As more and more governments realize the severity of present-day climate change, such as an increase in global temperatures and natural disasters, there has been a surge in news about the positive effects of renewable energy. As we learn new ways to convert to renewable energy , new resources are receiving more atten...