The Deposit on an Aluminum Can Is Typically 0.05. What Is the Metal Actually Worth? How Much Is the Government Subsidizing the Recycling?
The deposit on an aluminum can is typically 0.05. But what is the metal actually worth? And how much is the government subsidizing the recycling?
The price of aluminum fluctuates, but it is currently around $0.90 per pound. A 12-ounce aluminum can weighs about 0.35 pounds, so the aluminum in a can is worth about $0.32. This means that the deposit is only about 16% of the value of the aluminum.
The government subsidizes the recycling of aluminum cans through a variety of programs. These programs include grants to recycling facilities, tax breaks for businesses that use recycled aluminum, and public awareness campaigns.
The government subsidizes the recycling of aluminum cans because it is a valuable resource. Aluminum is a strong, lightweight metal that can be recycled over and over again. It is also a non-toxic material.
Related Questions And Answers
- What is the deposit on an aluminum can in the United States? 0.05
- What is the current price of aluminum? $0.90 per pound
- How much is the aluminum in a 12-ounce can worth? $0.32
- What percentage of the value of the aluminum is the deposit? 16%
- Why does the government subsidize the recycling of aluminum cans? Because it is a valuable resource.
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