Hey Fellow Scrappers I'm almost a year into scrapping and I have been holding on to ferrite because I was told it will potentially become worthy later. Does anyone know anything about that? Thanks.
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Hey Fellow Scrappers I'm almost a year into scrapping and I have been holding on to ferrite because I was told it will potentially become worthy later. Does anyone know anything about that? Thanks.
Thornton Scrapper
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Shred pile is all i hear.
Experienced Scrapper
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I'm going to tell the plain truth here, but whoever told you ferrite was going to be worth more later told you a lie. It some kind of pressed material with iron inside of it so it will stick to a magnet. It is only worth steel price.
Made in China, Recycled in the Republic of Texas!
"When the mind fails, brute force prevails" - CTSSolutions
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If a magnet sticks, it goes in the shred. That's fair, right?
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It's true and will become very valuable in a couple months. I'll make you a deal on the couple hundred pounds I have stockpiled - $10.00 a pound.
Just kidding - never be worth more than Light Iron, Shred or whatever term you want to use.
People may laugh at me, but that's ok. I laugh all the way to the bank.
Metal Recycling Entrepreneur
I saw someone posted they were getting $1 lb for it. No idea who, or which thread, and it's going on a year ago. They went on to explain that Ferrite was as close to pure iron as it could get, hence Fe being the symbol for iron
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Ferrite is partly ceramic and breaks easily. Far, far from pure iron. Fe is the symbol for iron but has no relation to ferrite except being the first two letters.Originally Posted by Bear
Metal Recycling Entrepreneur
haha! I'll tell em that if I ever see em again ; )
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This might help, thank to Wiki;
"Ferrites are usually non-conductive ferrimagnetic ceramic compounds derived from iron oxides such as hematite (Fe2O3) or magnetite (Fe3O4) as well as oxides of other metals. Ferrites are, like most other ceramics, hard and brittle. In terms of their magnetic properties, the different ferrites are often classified as "soft" or "hard", which refers to their low or high magnetic coercivity".
P & M Recycling - Specializing in E-Waste Recycling.
If you enjoy your freedom, thank a vet.
Metal Recycling Entrepreneur
i wonder if ferrite and magnets are similar ?
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I'm not completely sure, but I think magnets are made by "charging" ferrite into being magnetic.
Metal Recycling Entrepreneur
One guy said he got a dollar a pound for magnets too
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I think Mike the scrapper on Youtube said that..
I think I'm going a bit crazy.. I was sure you said something about smashing them or breaking them after my post...and now you're talking about dollar a pound for magnets. Did that post get deleted or am I imagining things?
Keeper of the Cooler!
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Ferrite will go up to the value of copper the day Leverrite gets up there with Alum.
Sirscrapalot - Sanity is highly overrated.
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Ferrite (magnet) - Wikipedia, the free encyclopedia
I think it's the Barium and Strontium that makes it valuable.
Metal Recycling Entrepreneur
Yeah, I wanted to put that one instead ; ) They do smash just about identically, except the magnet sticks to anything metal it flies into
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