Amidst growing global apprehensions surrounding metal and mineral waste management and trade, this study aims to elucidate the patterns and impacts of such waste, focusing predominantly on the United States. Analyzing data from 2002–2022 for exports and 2008–2022 for imports, it explores state-specific trends, trade dynamics, and their environmental and economic implications. Results reveal the trade of approximately 430 million tons of materials, with 84% constituting exports. While ash, slags, and some metals exhibit a negative trade balance, commodities like Ferrous, Copper, and Aluminum waste and scrap display a notably positive trade balance. Distinct state preferences and international partnerships exist, with California and Washington emerging as leaders in exports and imports, respectively. Internationally, Turkey and China are the main recipients of U.S. exports, and Canada and South Africa are principal contributors to U.S. imports. Economic and environmental analyses reveal marginal advantages of electrorefining in metal recovery, emphasizing its environmental efficiency. Initial assessments of systems focusing on mineral recovery show negative differences, but inclusive of savings from resource extraction and waste avoidance, results are favorable. Conclusively, this study advocates for a shift in waste perception, emphasizing the need for innovative technologies, strategic policies, and international collaborations to unlock the untapped potentials in metal and mineral waste management, promoting global sustainability.