What You Need to Know to Make Money Recycling Platinum-Rhodium Scrap

Platinum ScrapRecycle Refine RhodiumRecycle Refine Platinum

May 10

As we write today’s post, platinum is trading on the London Fix for $1,244.00. That’s a nice high price. And what about Rhodium? It’s trading for $24,500.00.

No, that is not a typo . . . rhodium really is trading for the sky-high price of $24,500.00 per Troy Ounce.

So if platinum and rhodium are trading for prices that high, how much are alloys of platinum and rhodium trading for? An awful lot of money, right? Well, yes. But those prices can be driven down by certain factors, including . . .

Platinum-rhodium alloys, as you might expect, are generally made up of mostly platinum, with only a tiny percentage of rhodium.
Many platinum-rhodium alloys contain other metals too – like thermocouples and other items that can contain copper and silver.

What Items Can We Recycle for You, and What Are They Worth?

Platinum-Rhodium alloy wire, sheet, rods, foil, tube, mesh, etc.
Platinum-Rhodium catalysts that are used in industrial processes
Platinum-Rhodium thermocouple wire
Labware containing platinum group metals, including laboratory crucibles, evaporation dishes, electrodes, tongs, mesh screens and inoculating loops

And here’s an interesting use of platinum-rhodium alloys. They have recently found increasing usage in factories that make glass fiber materials. How? The alloy is fashioned into tiny nozzles through which molten glass is shot, forming tiny glass threads that can be woven together. Why is platinum-rhodium used in that application? Because the molten glass must be heated to an extremely high temperature – and platinum-rhodium alloys can withstand high heat for long periods of time without degrading.

How Can You Tell How Much Your Platinum-Rhodium Scrap Is Worth?

You simply send it to us for testing. We do the testing for you and let you know what your scrap is worth, and how we can process it for you.

How Long Does It Take for Us to Process Your Platinum-Rhodium Scrap?

Processing Time: Typically completed within 14 to 21 days from date of receipt.
Payment Schedule: Payable immediately upon completion of the processing.
Form of Payment: Company check, bank wire transfer or the return of bullion.
Metal Pricing: We price your metals using the New York and London markets.
Pool Account: If you prefer to leave your metals unpriced, you may open a pool account at no additional cost.