Liquidity Services Sells More Than 2 Billion Pounds of Scrap

Auction firm says it sells between 20 million and 30 million pounds of scrap metal per month.

October 30, 2012
Recycling Today Staff

Liquidity Services Inc., Scottsdale, Ariz., has reported that it has surpassed the two-billion-pound milestone in the sale of scrap material to the public. The company works directly with the U.S. Defense Logistics Agency (DLA), a host of municipal government agencies and Fortune 1000 companies to sell a range of materials and scrap metals.

Tom Burton, president of Liquidity Services’ Capital Assets Group, says, “Many of our clients, such as the DLA, Wal-Mart and hundreds of other Fortune 1000 organizations are seriously committed to zero-waste initiatives, which depend on the creation of global marketplaces for the sale and reuse of a wide range of material and equipment. We are delighted that our global buyer base and online marketplaces, such as, are contributing to these efforts and have enabled billions of pounds of scrap materials to be reused, repurposed and kept out of landfills, We are proud to be a recognized leader in identifying, processing, and preparing 20 to 30 million pounds of scrap materials for sale each month on behalf of our clients. Our top priority for each sale continues to be maximizing efficiency and recovery value while adhering to safety, environmental, and security compliance.”

The company topped the level with the sale of 47.6 million pounds of recycled asphalt from roadways and runways at the Eielson Air Force Base in Fairbanks, Alaska. The company adds that other recent notable scrap sales included 27 million pounds of scrap metal from decommissioned military aircraft; 1.4 million pounds of compost; a 747 jumbo jet sold for its 120,000 pounds of aluminum, steel, and copper wiring; and the USS Long Beach Navy cruiser, sold for its 7.4 million pounds of base materials.