Thank you for taking the time to make the video.
There are probably a couple of things. It's not the best time for any kind of scrapping. It's just the economics of it. It's a thin margin business during the best of times. It's easy for any kind of scrapping to slide into the unprofitable activity category when things aren't so good. The other thing is that it's a fair amount of money invested in equipment to do it this way. If it were used just for this one purpose .... the ROI would be quite a ways off. If you were already geared up then this wouldn't be an issue.
It's guesswork on copper values. Prices are down at the moment. It appears that there's a fair amount of copper sitting in storage in the warehouses at the moment. The economy is going to have to restart to draw down some of those reserves.
Maybe a year or two before we start to see a rise ?
If you are idling right now ... it might not be a bad investment of your time to put some copper up for later. If you're looking for some quick cash to buy the groceries then maybe not so good ?
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