What is the Most Valuable Scrap Metal?

The market for scrap metal is still shaped by global demand, energy costs, and wider economic pressures. For sellers, knowing which metals hold the most value can help you maximise returns while ensuring materials are recycled responsibly. Scrap metal collection is more than a transaction; it’s an investment in sustainability and the circular economy. At Morecambe Metals, we help you turn waste into worth while protecting the planet. 

Why Non-Ferrous Metals Hold the most value 

Non-ferrous metals have some precious attributes within the commercial and manufacturing industry. Non-ferrous metals do not contain any iron, providing non-magnetic, rust-free qualities. The metals also have a very low melting point, making the material easily pliable and more efficient within the manufacturing process. For this reason, Non-ferrous metals tend to come at a higher price tag. 

Today, copper remains one of the most valuable non-ferrous metals because of its use in wiring, plumbing and renewable energy technologies. Aluminium is also in demand due to its lightweight strength and recyclability, while lead continues to play a role in batteries. At Morecambe Metals, our non-ferrous metal recycling ensures these high-value materials are processed to industry standards, ready to re-enter the supply chain.  

Value of Ferrous Metals 

Ferrous metals include carbon steel, cast iron and wrought iron. These materials are valued due to their tensile strength and durability. Their magnetic components make this material ideal for motor and electrical manufacturing. Their value is substantial within most construction industries. It can be used for building, tools and machinery. 

Despite new technology opting for lightweight materials, the need for ferrous materials is still there. However, it is slowly on the decline, leading to an increase for old steel scrap. 

Ferrous metals, particularly steel, are some of the most widely recycled materials in the world, making them low value as they are very common. Around 40% of global steel production comes from recycled ferrous scrap, highlighting its ongoing importance. Recycling steel not only provides value but also reduces energy by up to 75% compared to producing new steel. Morecambe Metals processes up to 2000 tonnes of ferrous metal per week, making us a key local supplier of reliable recycled steel for UK manufacturers.  

Why Do Values of Metal change? 

There are several reasons why the value of metals has changed in recent years, due to a mix of supply and demands, trade policies, and more. 

The Russia Ukraine war has severely impacted global supply chains and trade policies. supply growth, inflation and interest rates can also reduce their prices. Which has impacted several metal types such as Nickel, Aluminium, and Copper. They all have seen price fluctuations. Other factors like inflation, energy costs and interest-rate changes also play a part. 

We predict there will also be a price rise again due to the energy crisis we are all experiencing. Whether it is recycling or producing raw materials, they all require energy use on a large scale, impacting the cost of materials, just like most other industries. 

At Morecambe Metals, we ensure sellers receive competitive, transparent prices in line with current market conditions. By working with us, you benefit not only from fair value but also from the reassurance that your scrap metal is being recycled safely and responsibly. 

With over 45 years of experience in the scrap metal industry, we can assist you with your scrap metal needs. Our specialist team members will be available to help. 

Whether you’re a homeowner with unwanted metal or a business with ongoing recycling needs, Morecambe Metals offers tailored collection and processing services. From copper wiring to steel beams, we handle all metals responsibly and efficiently. Contact our team today to find out how we can help you get the best value for your scrap while supporting sustainable recycling.