Are These Emerging Materials on Your Investing Radar?
Here at Specialty Metals, we have a long track record of recycling gold scrap, silver scrap, and platinum scrap for our clients. We have helped countless customers make a lot of money in those metals, and we know we will continue to do so in the future.
Recently, we have been getting calls from investors who want to know whether they can also make money recycling other substances. In today’s post, we will take a look at three of the substances that people are asking about.
Rare Earth Metals
These substances include Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanathanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium.
They are called rare earth metals because they are rare in nature, mined in small quantities from regions of the world where they occur in nature. They are used for a variety of purposes, such as being blended with other more common metals to create alloys that can be used for specialized purposes such as being used as catalysts in industry and laboratories. But by far their greatest use is in the touch screens we use on our phones, tablets, computers, and even home appliances.
Why it is difficult to profit from investing in rare earth metals today . . .
Even though these rare substances can be found in an increasing number of devices like cellphones, and you can pretty easily collect a large number of those devices, the amount of rare earth metals they contain is extremely small. So at this point in time, it is difficult to make money by investing in them.
Lithium
Lithium is one hot metal right now. Why? Because it is finding increasing use in batteries of many kinds, including lithium batteries that are used to power phones and other devices. Plus, lithium is widely used in medicines, most notably those that are used to treat psychiatric disorders.
Why it is difficult to profit from investing in lithium today . . .
Yes, batteries are being used in more and more of the devices that we have in our homes, and that we carry around with us. But the amount of lithium those devices contain is minuscule – as a rough figure, less than one one-hundredth of one percent of the weight of an old cellphone is lithium, and even that lithium is difficult and costly to extract. So at this time, it is difficult to make money by investing in lithium. Cadmium, which is also used in many batteries today, offers a slightly better return.
Platinum Scrap
Platinum scrap remains a great investment choice today. It can be found in platinum fuel cells, scrap jewelry, used platinum sponge that was used in plating operations, and other sources. If you are interested in an investment that can offer you a large return on your investment, call Specialty Metals Smelters and Refiners today at 800-426-2344.