Gold is one of the rarest and most valuable metals in the Earth’s crust. Most of the world’s supply is mined, but recycling has been gaining momentum in an age of mounting environmental concerns and heightened price volatility. Now, let’s look at the different sources of gold scraps and how we can recycle the world’s
XRF (X-ray fluorescence) and ICP (Inductively Coupled Plasma) analysis are two widely used and accepted methods for the analysis of Platinum Group Metals (PGM) in catalytic converters. As PGM prices become increasingly volatile and competition for spent catalytic converters intensifies, recycling companies that provide the most precise and transparent analysis of these precious metals will
Finding out and learning about the different types of catalytic converters out there and their value in terms of PGM (Platinum Group Metals) loading can be daunting. So, to make things much easier for you, we have gathered all the relevant information into this article for you. What is a catalytic converter? According to Wikipedia,
Here’s BASF’s new innovation for catalytic converter industry: BASF, a 156-year-old German Giant in chemicals, consumer and industrial solutions, announced in March 2020 their invention of tri-metal catalytic converter. It is reported that the approach would likely substitute between 20% and 50% of the high-valued palladium currently used with lower-valued platinum. This invention is applicable for light-duty
One of the most frequently asked questions by spent catalytic converters sellers is: how does a catalytic converter recycling company value the scrap materials it receives from them and other suppliers (like scrapyards and auto mechanic shops) and know what price would be a fair market price to pay. Every company has its own unique
In a nutshell: The economic impact of COVID-19/ coronavirus has yet to put any significant pressure on prices for the platinum group metals But if containment fails and the epidemic becomes a prolonged global pandemic, the economic fallout will lead to palladium prices topping out around current levels with a 10% to 20% fall in
Even though Uber has bowed out of Singapore and most of Southeast Asia, its name remains as a generic trademark for hassle-free ride-sharing that revolutionized the way we travel, made possible by smart phones. What if we could do the same with recycling? What if we could, with a few taps on our phones, have someone
Fueling Hope for the Platinum Industry: Will Hydrogen-Powered Vehicles Drive Platinum & Palladium Demand? 2018 is turning out to be a pretty bad year for Platinum Group Metals (PGMs). Platinum, in particular has taken a sound beating with its prices falling a full 10% as compared to Gold’s 10% and Silver’s 6%. After close to a month
We’ve covered Platinum and Palladium extensively in our previous posts, so it’s time we move on to another Platinum Group Metals (PGM) that is commonly found in spent catalytic converters and industrial catalysts – Rhodium. Although it is lesser known than Platinum and Palladium, Rhodium is more expensive per ounce at the moment due steady industrial demand and dwindling
The Mystery of How USD 22 Billion Worth of Gold Ended in the Dump In the last two articles, we delved into the various emerging as well as tried and tested applications of Platinum and Palladium. Today, we will cover everyone’s favourite precious metal, Gold, and touch on the possibility of a new gold rush that would take
Does Platinum Have a Future with the Rise of Electric Vehicles Over 40% of platinum is used in the manufacturing of automotive catalytic converters. With the introduction of electric vehicles (EVs), many reports are pointing towards a marked decrease in platinum demand and falling prices in the mid to long- term. So how far will the once
While almost 80% of palladium produced is used in manufacturing catalytic converters in gasoline vehicles, researchers have found a potential new use for palladium – data storage. Global data storage demand has been ballooning at an alarming rate, creating the need for new techniques to outperform current memory technologies. In one such technique, extremely thin films of palladium are
