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
Precious metal recyclers like us “prowl” the concrete jungle looking for renewable scarce resources like platinum, palladium, rhodium and even gold from everyday objects in that have reached the end of their useful life. In addition to end-of-life computers, mobile devices and other electronics, your vehicle is also an excellent minefield of precious metals that can be
Why Online Scrap Catalytic Converter Price Catalogues Can Be Misleading As a scrap catalytic converter supplier, knowing how much your materials are worth is always a concern. However, fluctuating Platinum Group Metal (PGM) prices and the sheer number of vehicle makes and models make it difficult for most collectors to keep abreast of the latest
Introducing the Platinum Group Metals (PGMs) Platinum Group Metals (PGMs) are a group of precious metals that share similar characteristics and chemical properties. The group comprises platinum and palladium as well as the lesser known rhodium, iridium, ruthenium and osmium. Where Are PGMs Found? The answer is mostly underground. PGMs are primarily sourced from mining.
In the catalytic converter recycling business, it literally pays to get your converters accurately assessed. Knowing how much PGM (Platinum Group Metals) your converters contain allows you to know whether you are getting a competitive offer or getting shortchanged. The go-to analytical method is the XRF (X-Ray Fluorescence), a proven non-destructive, analytical technique that determines
China, the world’s largest vehicle market, recently announced that they are working towards banning the production and sale of petrol and diesel cars in the near future. Britain and France also aim to ban all new petrol and diesel cars and vans from 2040 onwards. Increasingly, governments around the world are also jumping onto the “ban-wagon”, pushing
Cryptocurrency has absolutely nothing to do with waste processing. Well, think again. One particular cryptocurrency miner is about to use waste-to-energy to power their incredibly energy intensive mining machines. Ukrainian startup Zeus uses an ICO (Initial Coin Offering) to attract investors for their waste-processing plant, which will generate the electricity needed to power their mining machines. Any