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VALUE OF SCRAP METAL. Escalating prices of metals has been a concern to most business investors as the business tends to be grows more lucrative as the time goes. Many business entities dealing on scrap metal put all their emphasis on the recycled Almost all economically strong countries have been venturing much on the scrap metal as they tend to have the opportunity of producing other advanced materials from the scrap materials In the olden existences, many states had not integrated the value of scrap metals because of the limited application of technology in those days. Nevertheless, technological ability that we can see in the modern society has showed various ways of recycling the scrap metals. depletion of the mines of different metals that used to exist before has been another factor that has been fueling the recycling of scrap metals. cooper metal is one of the contemporary example in the present world because of his high value which has lasted for ages. Copper price per pound has been constant at $2.17 suggesting that sales of cooper as a scrap metal is on the increase since most people cannot get copper from the mines because of various reasons For illustration, uncontaminated cooper from the mines has one quality that is has never been used hence are more costly compared to the recycled copper holding on the fact that quality of used and unused metals are different, many nations most industries would consider the cost effectiveness of the metal that makes them to offer a performance to the used than pure metal. The same scenario is evident in the case of steel because finding pure steel from the mines also proves difficult because the high population increase in cannot survive from the steel produced from the mines. The survival in that concept implies that most of the people that prefer various material made of steel is higher than the amount of pure steel that could be found from the mines. Therefore, finished recycling of the steel, industries get that occasion of producing various products made of steel. In essence, the overall scrap metal prices per pound is high in the recent past because most of the industries using the metals as raw material have come a realization that they cannot make my product without thinking about recycling of the scrap metal. Most of the developing countries have placed receiving of metals such as copper and steel a number one priority, as they understand its significance to the economy in the end. Consequently, consequence of recycling the scrap metal in the recent past has been resulting to hiking on the scrap metal prices and on daily basing causing a great shift

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