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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
 Posted - 10/25/2007 : 18:17:42
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What price do you think lead has to be at in order to scrap it for at least $1? I would like to wait until then to offload all mine. $1.65 at today's close. Recycling for something like $.12 - $.20 per lb. What you guys think?
Deal
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 10/27/2007 : 13:28:07
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No other lead-heads here I guess.
Deal
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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fiatboy
Administrator
912 Posts |
Posted - 10/27/2007 : 14:42:33
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I follow lead a little bit, but I don't have any experience scrapping it.
Also, I don't quite understand your question. How much lead do you have, and do you have a target price you'd like to get when you sell it?
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/27/2007 : 14:51:35
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I'm not following the price of lead, but I know it has shot-up (no pun) in recent months. I have some lead but I'll hold on to what I got since I feel it will only continue to gain in price.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 10/27/2007 : 17:49:51
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quote:
Originally posted by NotABigDeal
What price do you think lead has to be at in order to scrap it for at least $1? I would like to wait until then to offload all mine. $1.65 at today's close. Recycling for something like $.12 - $.20 per lb. What you guys think?
Deal
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
fiatboy: Note bold italicized words....hehe. How much I have is of no importance. I will elaborate. I want to receive $1 per pound for my lead when I scrap it. Trading now at $1.6722. You would receive somewhere between $.12 and $.20 per pound currently if you scrapped it. Do you think it will have to be trading at $5.00, $7.00, $10.00, etc. when I can receive $1 per pound? That is my question.
Deal
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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fiatboy
Administrator
912 Posts |
Posted - 10/27/2007 : 18:00:46
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I'd say $8 to $10. $12 wouldn't surprise me, though.
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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n/a
deleted
27 Posts |
Posted - 10/30/2007 : 13:11:49
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I don't follow lead either, but that seams to be a pretty big spread between spot & scrap?
Scrooge's signature dive into money. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 10/31/2007 : 06:57:37
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Big is a gentle word. I would like to know the reasons too. Probably some environmental recycling charge....Keep prices low to discourage recycling? Who knows? If it got too high, people would probably start stealing car batteries. If anyone knows why please let me know. Thanks.
Deal
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 10/31/2007 : 08:14:50
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I am going to go out on a limb here talking about something that I don't know much about. But suppose that the spot price of lead is $1.60 a pound and the cost for the refiner to convert the scrap lead to a marketable state and to sell it is $1.08 a pound. That would leave enough difference between spot and cost for the refiner to make a 20% profit and to pay the seller 20 cents a pound.
Now why the cost to "refine" lead would be so much higher than say copper, I don't really know. But the good news is that the cost should stay fairly constant (unless it is all from energy costs which I would doubt).
So any increase in the price of lead could easily pass to the seller less the 20% profit. In other, words a $1 increase in the spot price of lead could or should translate into an 80 cent increase in the scrap buy price.
Or maybe the scrap dealers are just jerking people around on lead and making 500% profit...who knows? |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 10/31/2007 : 18:58:43
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I guess I could try and ask the scrapper, but I'm not sure how far that will get me. Lower melting point means less energy to melt. Your (horgad), "shot" sounds fairly reasonable. I would like to know the refining process for lead. I doubt if many people have tons of lead to recycle. That would be the only way to make any money.
Deal
p.s. Any legal problems for keeping/storing lead that anybody knows of?
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 11/01/2007 : 06:07:10
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I think we should just collect all the Chinese-made toys for their lead content, smelter and skim the lead, then shield our homes in lead so we'll be ready when nukes start dropping and TSHTF.  |
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n/a
deleted
38 Posts |
Posted - 11/04/2007 : 00:57:28
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| Is that pure lead or batteries? And does anyone know how to smelt the lead sulfide. I always use bolt cutters to cut off the posts on the batteries, but the plates don't melt. Btw I know of an abandoned lead mine that I used to find chunks of lead all the time, its up in NW IL. |
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fiatboy
Administrator
912 Posts |
Posted - 11/04/2007 : 21:41:50
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Keep in mind that the refining of one metal involves different processes than the refining of another, and these differences are reflected in refiners fees. Also, at a certain point, the cost to refine a certain metal hits a plateau at which the costs do not significantly increase. Basically, one cannot count on an increasing linear ratio when figuring at what price a certain metal will sell for x amount of dollars.
And who the heck really knows? The world's foremost toilet paper factory is cranking 'em out at a rate almost as staggering as the rate at which they're created (abracadabra!) on computer hard drives.
My guess is still $8 to $10 unless I see otherwise, but jeez...some of these scrap yards must be making a killing! Let's just hope that none of that lead we're recycling ends up coming back to us in the form of contamination.
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Future of lead....
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