Major Economic and Environmental Advantages of Exporting and Importing Scrap Metals

09 July 2021

Scrap metals are comprised of metal parts and products that can be collected and processed again. Most of these metals come from devices, equipment, machines, and other products that have been discarded or have reached the end of their service life.

Both ferrous and non-ferrous metals that are found on these things can be used as part of scrap metals, making their value significantly high. And since metal parts and products are maximised by a lot of industries such as construction, electronics, and power, the recycling of scrap metals can truly help sustain their needs for a long time without signs of slowing down. These benefits alone make the export and import activities of scrap metals great for many countries and the environment.

Here are some economic and environmental advantages of exporting and importing scrap metals.

Provide Different Metal Types

Different countries possess various types of scrap metals. And while they can be useful for a lot of applications, some countries already have a surplus of certain scrap metal materials. To effectively maximise these excess scrap metals, they could export them and provide others additional scrap metals that they can possibly use for numerous purposes. This would be an opportunity for these countries to not only stabilise their supply of certain scrap metals but also to gain some revenue out of exporting them.

Open More Job Opportunities

With the continuous rise of the scrap metal recycling industry, exporting and importing scrap metals can certainly pave the way to the creation of more job opportunities for a lot of people. The industry of scrap metal recycling and its associated benefits can offer jobs to people who want to carry out the process of collecting and processing scrap metals into products that are deemed useful for many industries. Even the distribution process of newly processed scrap metals can offer more work to many people.

Lessen Energy Consumption

As for the environment, exporting and importing scrap metals can sustain the needs of the scrap metal recycling industry. And as these processes continue, the industry can assure that its energy consumption is set at a minimum. Compared to the conventional extraction of raw metal ores, the processing of scrap metals demands less energy. For instance, aluminium scrap metals only require 95% less energy to be recycled, while copper scrap metals only need 90% less energy to be processed.

Minimise Emission of Toxins

Another great environmental advantage of exporting and importing scrap metals is that they can minimise the emission of dangerous fumes and other pollutants. These toxins are often produced whenever raw metal ores are extracted and processed. But for scrap metals, all the processes involved in recycling them do not emit such toxins. Instead, the process of the scrap metal recycling industry helps in reducing the amount of toxins in the atmosphere and preserving natural resources.

To find out more about scrap metals, you can reach us at Victorian Metal Traders.

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