Using a metal part, when plastic will do, just costs extra energy.
Obviously some things need to be metal for strength, I'm talking about when that's not necessary.
Citation sorely needed.
It removes waste, it's emits less CO2 than pull extra oil from the ground, and it's cheap. You don't get a triple win like this very often when it comes to the environment.
Copper is of course valuable enough that at times people have stolen copper wiring to sell it for recycling. I don't know whether that's a thing today.
At one point, printed circuit boards contained gold--used, as I understand it, to coat traces (sort of like wires) to prevent corrosion. Tiny amounts, of course, but apparently enough to warrant recycling. I actually knew someone who stripped the traces off of old boards and sold them. Again, I don't know whether that's still a thing.
Here's a Nucor steel plant video.[1] Good overview of the process. Note that this is a spherical video and you can change the camera angle to look around. Seven categories of steel junk go in and are mixed depending on the desired product. The video is a bit vague about how the continuous caster works - that's partly proprietary technology. This particular plant is a joint venture with Yamato, but Nucor has other totally-owned plants.
[I]n 2018, recycled material as a percentage of apparent supply of various metals, including aluminum, chromium, copper, iron and steel, lead, magnesium, nickel, tin, and titanium, ranged from a low of 22% for tin to a high of 75% for lead (table 1). in 2018, the United states recycled 58.6 million metric tons (Mt) of metals with a total value of $37.7 billion (excluding zinc, for which data were withheld to avoid disclosing company proprietary data in 2018).
2018 Minerals Yearbook: Recycling --- Metals (2018)
<https://pubs.usgs.gov/myb/vol1/2018/myb1-2018-recycling.pdf> (PDF)
[1] https://www.steel.org/wp-content/uploads/2021/08/AISI-and-SM...
[2] https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-iron-steel...
[3] https://pubs.usgs.gov/myb/vol1/2018/myb1-2018-recycling.pdf
(I'm ... somewhat discounting the AISI data as more likely to be skewed industry-positive, that is, with a higher claimed recycling rate.)
You can scrap copper for anywhere between $1-$3/lb depending on quantity, quality, and location. Copper is commonly recycled.