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Importing scrap thru Alibaba

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  1. #1
    kss is offline Metal Recycling Entrepreneur
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    There are no easy ways to import metal, from anywhere, to the us and make money from it. IF there was, everyone would be doing it. What makes you special that you think you could? Unless you have contacts and buyers lined up, for more that what you are paying and the cost to get it to your buyers, there is no money to be made.

    The ONLY way I think you COULD be able to, and it would be SUPER risky.... is to import a bunch of stuff speculativly, if you expect the price to go up a lot soon.


    For example, say you can sell copper at $2/lb right now to any local scrap yard in the US, say you can get a ton (2000lb) from china for $5000 (spot plus some) + $500 to get it shipped to you.

    Now you have 1 ton of copper to sit on. Now you wait. Now say you've waited a year, and copper at your local scrap yards is now buying at $3/lb, you can now sell them your 2000lbs of copper for $6000, netting you $500.


    HOWEVER this is a lot of work, and requires, storage space and patience AND can go south if copper price goes down.... if you wanted to do this same "type" of thing but without having to actually take and hold the copper, you could look into the metals futures markets and buy futures contracts that essentially do the same thing as the whole process I described.... OR you can go plop your $5500 down in the casino and see what happens as that has about the same probablity of working


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  3. #2
    Redhammer started this thread.
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    Can't deny your words for sure

    If money earning is so simple means everybody should have rich in this business..

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