What Does Science Fiction Tell Us about the Future Value of Platinum Scrap?

What Does Science Fiction Tell Us about the Future Value of Platinum Scrap?

For today’s post, we’d like to put on our science fiction glasses and think about what the world could look like in year 2050. We admit that it is unlikely that all the following conditions will have arisen by then, but let’s consider them anyway . . .

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Four Common Sources of Platinum Scrap

Four Common Sources of Platinum Scrap

If you’re on the hunt for platinum scrap, you could sweep the floors at a jewelry factory, pull up old drain pipes and floorboards you find there, or tweezer out bits of old platinum screens and sponge from plating tanks and drains.

That’s hard work. There are much easier places to find platinum . . .

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Where to Find Platinum Scrap

Where to Find Platinum Scrap

Platinum is used in jewelry, thermocouples, catalytic converters and many other places.

That should mean that it is easy to find bits and chunks of platinum scrap that we can recycle profitably for you, correct? Well yes, there is a lot of the metal out there waiting for you to discover. But you must know where to look.

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How Much Platinum Is in a Catalytic Converter?

How Much Platinum Is in a Catalytic Converter?

. . . your questions answered about recycling catalytic converters

How much platinum does a catalytic converter contain? And if you have a batch of cat converters that you would like us to recycle for you, how much money do you stand to make?

Those are only two of the most common questions that people are asking about catalytic converters. In today’s post, we will answer them for you.

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Will Space Be the Next Frontier for Profiting in Precious Metals?

Will Space Be the Next Frontier for Profiting in Precious Metals?

Today’s post is a bit different from others that you have read on this blog in the past. We’re not going to focus on precious metal investments that you can make today. Instead, we’re going to take a long-term look at trends in space exploration and aeronautics that you should be aware of – trends that could reshape the world of precious metals in the future.

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What Are the Platinum Group Metals?

What Are the Platinum Group Metals?

Chances are that you only find small quantities of the valuable secondary platinum group metals (palladium, rhodium, ruthenium, iridium, and osmium) hiding in recyclable items that you think are made only of platinum. How can you tell if these rarer metals are present?

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How to Eliminate the Middleman and Make More Money from Your Used Catalytic Converters

Photo of catalytic converter containing platinum, palladium and rhodium which can be recycled and refined for best prices at Specialty Metals.

New and used car dealers, automobile junkyards, muffler shops, and car repair shops all end up with used catalytic converters on hand. If you’re in one of those businesses, you know that each used converter contains about one-tenth of an ounce of platinum which is trading at $1000/oz or more. The problem is, the platinum in your used converters isn’t located in neat little blocks that you can pull out and sell. It takes a recycling company with specialized equipment to extract and separate the platinum from the converter’s internal honeycomb.

So what do you do if you have used catalytic converters on hand? Like most companies, you probably call a recycler that comes to you, hauls them away, and writes you a check for them. There are plenty of recycling companies that do it, and you probably already use one of them. But does your recycling company pay you for the market value of the precious metals for each converter you turn over? No way. But it’s worth losing all that money because of the convenience that those companies offer you, right?

There is a better way – one that can put more of those platinum dollars back in your pocket, not in the pocket of your recycler...

  • If you end up with 500 or more catalytic converters (or if you can wait until you have that many before recycling them), you don’t need a middle-man catalytic converter recycling company. You can ship your used catalytic converters directly to Specialty Metal Smelters & Refiners for recycling. We’ll recycle them for you and write you a much bigger check than a local catalytic converter company can – and it’s easy. It’s not difficult or expensive to ship them to us. Call us at 800-426-2344 to find out how easy it is, and how much more money you can net from every converter you recycle. But please remember that we cannot accept single converters - we require a minimum lot of 500. 
  • If you end up with smaller numbers of used converters on hand, you can still put more scrap platinum dollars in your pocket. How? Simply team up with some other companies in your area that have used catalytic converters on hand. (They could be auto repair shops, muffler companies, and new and used car dealers.) As a group, you can simply wait until you have 500 or more used converters on hand, then send them directly to Specialty Metal Smelters & Refiners and get more money for every converter. Call us at 800-426-2344 and we’ll tell you how.
  • Start a sideline catalytic converter recycling business of your own. Not a bad idea, right? Just like the converter recycling companies in your area, you can buy used converters at low prices. You can then ship to us for platinum extraction. We’ll write you a check for every ounce of platinum and other platinum group metals they contain. The result could be a profitable sideline business that can produce a solid second income for your company.

So the bottom line is . . .

Why let middle men claim most of the dollars that are hidden in your used catalytic converters, when you can easily claim those dollars yourself? We’ve never heard of a successful company that throws dollars away every day, have you?

Related Posts

Palladium Recycling: Don’t Overlook the Great Value of this Little-Understood Rare Metal
How to Pick the Best Precious Metals Recycling Company
What Precious Metals are Inside Catalytic Converters and What Are They Worth?

Don’t Throw Dollars Away! How to Mine the Hidden Value in Used Sputtering Targets

You know exactly why you’re buying the sputtering targets that you use in your manufacturing processes. You’re using them to apply thin films of alumina, zirconia, indium, tin, zinc, silicon, chromium, titanium, or some other material. So you buy targets that contain the material you want and that’s pretty much all they contain, right?

Shown: scrap sputtering targets, which can contain gold, silver, platinum, palladium and rhodium, and can be refined and recycled by Specialty Metals.

Shown: scrap sputtering targets, which can contain gold, silver, platinum, palladium and rhodium, and can be refined and recycled by Specialty Metals.

No, wrong. As you already know, the sputtering targets you’re buying never contain just the one metal or substance you’re looking for. They usually contain a number of metals, elements, and other substances too – including gold, platinum, silver, palladium and rhodium! The material you need for your production processes is probably commixed with other metals or chemicals, affixed to a backing plate, and possibly bonded to that plate with a thin layer that could contain a precious metal or other materials that you don’t even know about. (All that could help to explain why the sputtering targets you buy are never guaranteed to be 100% pure.)

Putting that Hidden Value Back in Your Bottom Line

The potential hidden value in your used sputtering targets could lie in the words we used in the paragraph just above: “other materials that you don’t even know about.” Unless you know exactly what hidden precious or platinum group materials your used sputtering targets contain, you run the risk of discarding or recycling them without even knowing that you are tossing dollars away.

Maybe you think that couldn’t be true, because you’re returning your used sputtering targets to their manufacturer, which refurbishes them. That’s responsible of you, and probably a good decision. But it could also be that your supplier sells you sputtering targets once, then refurbishes them, and then sells them to you again. From a certain perspective, that means you could be buying the same trace elements of precious metals again and again, instead of claiming their dollar value. 

How can you find out how much money you can reclaim by recycling your used sputtering targets? Unless you have a fully equipped metallurgical lab on your premises to run tests, you probably can’t do it on your own. But you can call Specialty Metal Smelters & Refiners today at 800-426-2344 to discuss the kind of sputtering targets that you use and to get a preliminary opinion about what trace elements they could contain. Our testing lab can then quickly run tests to determine if they contain valuable materials like gold that you shouldn’t be tossing away.

Related Posts:
Use an Organized Recycling Program for Sputtering Targets to Boost Your Company Profits by 10% or More
7 Strategies to Cut the Costs of Sputtering Targets and Precious Metal-bearing Manufacturing Supplies
Plating Primer: How Do Sputtering Targets Work?

Welcome to the Specialty Metals Blog


Be sure to check here periodically for the latest info on precious metals, including gold, silver and platinum group metals rhodium, palladium and platinum. We’ll try and update periodically with news and information about the metal markets and other current events that could effect the markets.