What You Need to Know about Making Money from Palladium Scrap

Recycle Refine PalladiumRecycle Precious Metals
Written By Barry Lenson

We have written a lot in the past about gold scrap, silver scrap, and platinum scrap.

Today, we would like to take a look at palladium scrap. Why? Because palladium is currently trading at $2,208.00, which compares favorably to gold, which is now trading at $1906.80. Like the trading price of gold, the trading price of palladium has been rising.

Another reason we are writing about palladium scrap today is that is it not currently as “hot” as gold scrap, because the soaring price of gold has attracted so much attention to that precious metal. In contrast, palladium scrap could be easier to find and buy at attractive prices.

Common Sources of Palladium Scrap Today

  • Palladium jewelry scrap such as wires, grindings, and bench sweepings.

  • Palladium-plated jewelry, including rings, and bracelets. (Palladium can be plated onto other metals to make jewelry that looks white and shiny and resists tarnishing.)

  • Palladium sponges, flakes, and other scrap used in plating and manufacturing operations.

  • Sputtering targets used in electroplating operations. (Note that not all sputtering targets contain palladium, but some do.)

  • Palladium catalysts used in petroleum refining and other industrial operations.

  • Palladium resins used in chemical processing and manufacturing.

  • Dental palladium scrap. This category of palladium scrap is often misunderstood, because in the past, palladium has been alloyed with gold and other metals to fabricate dental appliances. To separate the palladium from other metals, special processes are used by a precious metal refinery like Specialty Metals Smelters and Refiners.

And What About Automotive Catalytic Converters?

We have written in the past about catalytic converters, and we wish we could encourage you to buy them today. Why are we no longer hot on cat converters? It’s because they simply do not pay enough return for every pound you recycle. Plus collecting, storing, and shipping them is inconvenient and expensive for the small-time investor – possibly someone just like you?

In contrast, the other palladium-bearing items we write about above in today’s post – jewelry, sponges, and the others – are easy to store, easy to ship, and likely to deliver a high return on your investment dollar.

Want to learn how to send your precious metal scrap to us for testing and processing? We’re here to tell you how. Give us a call at 800-426-2344.

Barry Lenson
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