After you send your platinum scrap to Specialty Metals Smelters and Refiners and we extract the pure platinum it contains, where will that platinum be used?
If you say, “It will be used to make catalytic converters,” you are correct. As much as 38% of all the platinum that is on the market today is bought and used by companies that manufacture catalytic converters that are used in gasoline and diesel engines - both in vehicles and those that are used in engines that are used in industrial devices like electrical generators.
But the platinum scrap that we recycle for our clients can end up in some other places too - some of which you might not know about. They include . . .
Machines that are used to make fiberglass and carbon fiber - Because platinum is not affected by high temperatures, it is finding increasing use in this field. In one application, it is being used to make tiny sprayers that are used to make glass fibers; molten glass can be sprayed from them and it then cools into tiny threads that can be woven into panels. So that new fiberglass boat you buy might have been manufactured in part by platinum machinery. Ditto for those attractive carbon fiber panels that you see in the interior of your new luxury car.
Implantable medical devices - Because it resists corrosion, platinum is a top choice for implantable devices like pacemakers and defibrillators. So if you are walking around carrying one of those devices, you are carrying platinum with you everywhere you go. Lots of people are.
Cancer and other drugs - Platinum is being used in a growing number of medicines, especially those that are used in chemotherapy. If your life has been saved by a new miracle cancer drug, you might have platinum to thank for it.
Fuel cell vehicles - Did you know that platinum is used in these vehicles, just as it is in the catalytic converters that clean the exhaust emissions that are produced by good old gas and diesel engines? It is. In fact, fuel cell vehicles of the future could be poised to create a lot of demand for platinum.
And then, the classics . . .
Platinum will continue to be in high demand for classic applications like jewelry, spark plugs, catalytic converters, laboratory equipment and aerospace structures.
The bottom line is that the demand for platinum, the metal of the future, is not about to go away. Now is the time to cash in on your platinum scrap! To learn more, contact Specialty Metals Smelters and Refiners at 800-426-2344. We are here to turn your bright shiny platinum scrap into bright shiny cash.
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