Are low priced copper wire scrap offers real or scam?

Are low priced copper wire scrap offers real or scam?

The question ”Are low priced copper wire scrap offers real or scam?” is a very important one.

One of the first thing to be wary of when trying to buy copper wire scrap is the low prices. Especially when you are buying from a country like China with many recycling plants. It is often said that if something is too good to be true then it is probably a scam with good reason. Most of those who have been scammed were after cheap prices.

In China the price of copper wire scrap is pretty standard hence if you meet anyone selling at a lower rates, they are 100% scammer. What these scammers do is target foreigners. They do not sell to Chinese business as they will be caught easily. These are one of the most dangerous copper wire scrap scammers on the planet and people always fall for them.

They operate like a normal company hence the buyer only realizes once the goods reaches their warehouse. The companies involved in this type of scam in China are mostly in the Shandong Region.

These people have registered offices with an address and ready stock in their warehouse. They run one of the most sophisticated scams on earth. Once you contact them and view stock, they will ask you to make a small deposit to help them package the wires. You will have to give like 3 days for that.

On the day of shipping, they will show you the test using their own device. This device will show the scrap being 99% copper but it is botched. The wires are actually iron coated with copper. You can only know this through independent testing.

So if you are looking to buy copper wire scrap in China, avoid low-priced offers for they are scams.

Are low-priced copper wire scrap offers in Africa real or scam

African scammers have taken low price to another level. You see some selling a ton of copper wire scrap for as low as $700. This is crazy actually and many fall for it. Even though Africa has a low price for copper scrap there’s something we call too good to be true price. If you come in contact with such people know that they are 100% scammers.

Unlike the Chinese scammers, they do not have an address or actual stock hence do everything possible to make sure you pay online without visiting. If you insist on visiting, they will tell you they are very busy and that to book an appointment you have to make a deposit. No matter the strategy they always end up asking you for an advance even without seeing the stock.

Africa has a huge stock of copper scrap and this is because it is not recycled. Only about 2 countries in the whole continent recycle copper scrap hence what is collected is simply exported to Europe, USA and China. This means the price of copper scrap is lower than everywhere else in the world.

How to avoid getting scammed

When talking with a vendor from China, make sure you visit their company and test the copper scrap yourself. Do not rely on their own testing. Also if their prices are way below the normal standard rate then stop all communications with them.

Africa has a different market and sometimes the prices of copper wire scrap can be very low depending on who is selling. The bottom line is do not make any advance payment without meeting the supplier. If you pay online and get scammed, there’s no way of tracking the scammer because address system in Africa is almost non-existent. What you have to do to avoid getting scammed is visit their company. If you see the stock then that is your supplier.

Our company specializes in helping people buy copper wire scrap in bulk and avoid scams. It has not been easy but we have been very successful. More and more business people now know how scammers operate and are able to avoid them. Send inquiries today for more information.