Industrial Precious Metal Scrap Buyer – Minneapolis St. Paul, MN
Although our scrap metal recycling company does not buy gold, platinum and silver jewelry or coins from the public, we are an active buyer of precious metal scrap from industrial users in the Minneapolis St. Paul metro area and beyond. This specialized sector of the recycling business can be complex, but recovering value from precious metal scrap is important to manufacturing industries that use gold, silver, platinum and other metals in their processes. We encourage industrial sellers to contact us regarding their precious metals recycling needs. We also purchase automotive catalytic converters for recycling. Recovering the platinum, palladium and rhodium used in these units is an important part of precious metals recycling and provides a way for businesses to recover additional funds from catalytic converters. Some of the precious metals used in industry that we purchase include:
- Gold Scrap – Due to its excellent electrical conductivity and resistance to corrosion, gold is commonly used in high-tech electronics on contact surfaces. Manufacturers of these products can generate scrap and recovering that scrap is important. Jewelry manufacturers, dental labs, and other industries also create gold scrap for recycling.
- Silver Scrap – As jewelry metal, silver scrap is common where jewelry is manufactured. It is also used in other industries and generates scrap that should be recycled. At our metal recycling company, we will be glad to assist you with your silver recycling needs by paying top prices.
- Catalytic Converters – From a single catalytic converter brought to us by an individual to large quantities of these converters from automotive service businesses, our metal recycling company in Minnesota will pay a competitive price for these items.
- Platinum, Rhodium & Palladium Scrap – Aside from its use in catalytic converters for automobiles which we purchase regularly at our Minneapolis scrap metal yard, the platinum family of metals has industrial uses. Their very high melting temperatures, corrosion resistance and value give them qualities needed for the following industries:
- Jewelry Manufacturing – The platinum family of metals is used in jewelry, and jewelry manufacturing generates scrap.
- Medical Device Manufacturing – Platinum, Palladium and Rhodium have applications in medical implants, surgical devices and special surgical instruments. The scrap created in manufacturing is regularly collected at our recycling company.
- Glass Manufacturing – Platinum family metals are used in this industry to protect manufacturing equipment from high temperatures and corrosive environments.
- Laboratories – Metallurgical and other laboratories use crucibles, wires and other items made of platinum family metals. Their non-corrosive nature and high melting temperature makes them essential for high temperature laboratory processes. Recycling damaged or unneeded platinum and other precious metal labware recovers much of its cost.
- Petroleum & Chemical Industries – Platinum catalysts are widely used in these industries to facilitate chemical processes. These can be recycled.
Highest Prices for Precious Metals
For all industrial gold, silver, platinum, rhodium, palladium and other metal scrap, the value of that scrap material depends on the exact composition of the particular alloy. When our scrap metal buyer accepts industrial precious metals, we use our X-ray Fluorescence (XRF) metal analysis tools to precisely identify the metals in your material. That lets us pay best market prices, which can vary widely. Not all scrap metal dealers have this capability and may offer you a lower price, since they may not know exactly what they are buying.
If your industry uses precious metals in its processes or products, scrap and waste materials can be recycled to recover much of their value. At our Minnesota scrap metal recycling company, we will be happy to discuss your precious metal recycling needs with you. We can assist you in recycling those metals and will be happy to create a recycling plan for you. Contact us at any time to discuss all metal recycling needs.