A few years ago, a man looked down at the bottom of a stream in northern California and saw something shiny poking out from the sand and gravel that surrounded it. He pulled it out and it was a gold nugget. It was absolutely beautiful!Read More
“How to Eliminate the Middleman and Make More Money from Your Used Catalytic Converters” is one of the most popular posts we published on this blog. Although we published it back in 2014, the advice it contains is still relevant today, and we urge you to read it.Read More
Many people like to invest in bullion and coins that are made of gold, platinum or silver. The predictability appeals to them. They buy a pure piece of platinum, gold or silver that comes in a hard plastic case that they can either open or put in a safe.Read More
Platinum is bright, shiny and resistant to tarnish. It can be used to make beautiful jewelry, labware, and even the outside casings of implantable medical devices. For those reasons, many people believe that the only way to produce a piece of platinum - be it a ring, a lab crucible or anything else - is to cast it in one piece.Read More
All precious metals investors like to be on the lookout for bright, shiny chunks of pure metal. Of them all, platinum jewelry, coins and bullion shine the brightest. They are white and shiny, with no tarnish. You look at them and immediately know they are valuable.Read More
If you’ve ever walked around an old industrial site hunting for precious metal scrap, you know that the search can be overwhelming. You examine heaps of dirt, piles of chemicals hiding in the bushes, old steel drums that contain dried or wet sediment, streams where chemicals and byproducts were once deposited, and all kinds of other places that could be hiding precious metal scrap. Although you cannot identify most precious metal scrap just by looking at it, here’s a quick visual guide to some of the materials that can often be refined profitably in our precious metals refinery.Read More
Catalytic converters are probably the biggest source of recyclable platinum today, because so many of them have been manufactured – and so many are piling up in scrapyards and other places where cars are repaired or scrapped. But even though cat convertors might be the biggest source of platinum, are they the best source for speculators who like to collect platinum scrap and send it to us to be refined? Not necessarily.Read More
Although platinum doesn’t rust or oxidize, it can discolor after it is exposed to high heat in laboratories. That bluish patina can be deceiving. You look at a discolored piece of thermocouple wire or a testing crucible or a stand that was used in the lab and think, “this discolored stuff can’t possibly be platinum.” The discolorations that affect used platinum mesh or sponge can be even more deceiving. They can be reduced to a blackish powder that you’d be tempted to sweep up and toss away.Read More
If you use platinum sponges in your manufacturing operations, you already know a lot about them. You know where to buy them, what they cost, and maybe even how to install them in your production machinery. But here’s something you might not know:
Your used platinum sponges can be worth quite a lot.
Here are three of the reasons why . . .
- Platinum sponges are made of platinum that is almost 100% pure. It’s interesting – to make platinum sponge, a chemical agent is added to molten platinum. That agent foams and makes the platinum assume a sponge-like, porous form as it cools. When that agent is removed, the sponge that remains is nearly pure platinum – in most cases, 99% pure or even more.
- Even the smallest residues of spent platinum sponges can contain more pure platinum that you’d expect. Even if you have used scraps and splinters that appear worthless, they could still be worth a lot of money, because they still contain platinum that is extremely pure.
- You can receive an unusually large and rapid payback from platinum sponges that you recycle. The reason? Again, it’s the purity. Most other materials that we refine – such as ores, alloys, plating scrap, sludge and other materials - are difficult and costly to process because they are so impure. In comparison, platinum sponge is generally easier and faster to process.
Don’t Let Pure Platinum Slip Away
If your operations produce even small quantities of spent platinum sponge, call us at 800-426-2344. We’re America’s best, most qualified platinum refiners - here to make sure you’re not letting valuable quantities of platinum slip away.
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