Aluminum Scrap or soda cans.

Aluminum Scrap or soda cans.

Easy source to find and the most common metal mined on the earth surface.

We all know about precious metals like gold & silver but what about the other metals. Like steel, copper, aluminum etc?

I use www.Kitco.com for my daily quote updates on metals. Gold hovers around $1400 an ounce & silver is ready to break through to $30 an ounce. But what about aluminum cans?

It takes 32 (12 oz) soda cans to make a pound of scrap aluminum at 16 ounces per pound. In Connecticut the deposit on a soda can is $0.05 per can. That produces $0.80 per pound for deposit.

BUT in December 2010, the prices of Aluminum (AL scrap) is around 7 cents per soda can.

Being 2 cents more than the deposit means that 40% more than the Conn deposit.

You can purchase a soda can crusher for $7.00 at Amazon.com if you want to store AL in a 32 gallon trash barrel will run you $15.00 at your local hardware store. The trash barrel is easy to cover and easy to move when full.

Use $1.00 a pound as your guide. In 2010, the average scrap for Aluminum was $0.9723 a pound. NOTE: What scrap dealers will pay for AL cans in 2010 average was $0.70 a pound. To melt down the metal the melting point is 3600 degrees Fahrenheit. This temperature is very hot and it would be rare to find a smelter.

I think as Aluminum soda can collecting is similar to collecting change in a jar. How many cans can you collect in a given year?

Carl Slicer.

Refer: www.MetalPrices.com, www.Kitco.com