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Homeowners Scrape Together Scrap Metal

May 23, 2012, 10:03 PM by Perry Groten

Homeowners Scrape Together Scrap Metal
SIOUX FALLS, SD -

For many homeowners, spring cleaning is ending with a trip to the scrap yard. 

High scrap metal prices, especially for copper, are allowing people to turn whatever's been lying around the house into a tidy little sum.
  
Lee Gerry is making some extra money by taking part in the heavy metal march into R & T Unit Can Company.

Gerry has cleaned out his garage and filled his pickup with a load of cans and copper.

"I stripped some fans for motors, battery chargers I stripped, anything I find," Gerry said.

Scrap metal is a source of quick cash in these lean times.

"The economy's been bad, which is good for us," R & T Unit Can Co. President Ron Nedved said.

Customers bring in all kinds of exotic items for recycling, from brass ornaments to golf pull-carts and everything else, even a kitchen sink.

"Just about everything you can think of, scoop shovels, aluminum wheels, copper, brass," Nedved said.

If it can be recycled, collectors will pay up.

"Aluminum cans are 55 cents a pound right now. Copper is the big dog right now, that's about $2.65 to $2.70," Nedved said.

Nedved pays on average, about $30 a load.  But Gerry's haul is a lot more, getting $99.15 for his load.

In the metal market, piles of money could be as close as the nearest scrap heap.

"Oh, I'm satisfied, it will go a ways," Gerry said.

Unfortunately, the European debt crisis is taking some of the luster off copper, with the price dropping as much as 30 cents a pound over the past two weeks.

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