How to Make a lot of Money by Investing in Platinum-Iridium Scrap
What do you get when you mix platinum and iridium, two ultra-valuable, white, shiny metals? You get a very valuable alloy with high density and resistance to corrosion and oxidation, even at high temperatures. Those characteristics make the alloy particularly useful.
A Bit of Platinum-Iridium History
An alloy of platinum and iridium was used to make the International Prototype of the Kilogram (IPK), which served as the international standard for that weight measure until the redefinition of the kilogram in 2019. An alloy of platinum and iridium alloy was chosen because of its stability and resistance to wear, oxidation, and corrosion.
Where Is the Platinum-Iridium Alloy Used?
Here are some common uses of platinum-iridium:
Precision instruments - Platinum-iridium is used in the construction of precision instruments, such as balance arms in analytical balances, pendulum rods in high-precision clocks, and the tips of some fountain pen nibs. Its high density and corrosion resistance make it valuable for applications that require extreme precision.
Electrodes in chemical industry - The alloy is used as electrodes in some chemical processes, where its resistance to corrosion and high-temperature stability are essential. It can be found in electroplating and electrochemical cells.
Dental and medical devices - Platinum-iridium may be used in dental and medical implants, such as for dental crowns and orthopedic implants. The corrosion resistance of the alloy is a desirable property in these applications.
Laboratory equipment - It is used in laboratory equipment and tools, particularly when precise measurements and resistance to chemical reactions are necessary.
Aerospace and high-temperature applications - In some aerospace applications, platinum-iridium is used in components exposed to high temperatures, as it retains its structural integrity at elevated temperatures.
Metrology - In the field of metrology (the science of measurement), platinum-iridium is used in some calibration and measurement standards due to its stability and resistance to environmental factors.
While platinum-iridium has been widely used in the past for various purposes, it's important to note that its use has declined in some areas due to the high cost of iridium and advances in materials science. In certain applications, other materials with similar properties may be used as more cost-effective alternatives.
Where Can You Find Platinum-Iridium Scrap?
Finding platinum-iridium scrap can be challenging due to the rarity and value of these metals. However, consider the following options:
Jewelry and precious metal shops - Some jewelers or precious metal shops may have access to platinum-iridium scrap, especially if they deal with precious metal recycling or if they work with specialized alloys. You can inquire with local jewelers or shops that deal in precious metals.
Online marketplaces - You can search online marketplaces and platforms specializing in the sale of precious metals and scrap materials. Websites like eBay, for instance, may have listings for platinum-iridium scrap or related items.
Local metalworking and manufacturing facilities - Companies that work with platinum-iridium in their manufacturing processes may generate scrap materials. Contact local metalworking, aerospace, or high-precision manufacturing facilities to inquire if they have any scrap materials available for sale or recycling.
Scrap yards - Scrap yards deal with various types of metal scrap. While platinum-iridium is relatively rare, it's possible that some specialized scrap yards may have access to small quantities of these materials. Contact local scrap yards and inquire if they have platinum-iridium or other precious metal scrap available.
Precious metal brokers - Some precious metal brokers and dealers specialize in rare and high-value metals. They may be able to assist in sourcing platinum-iridium scrap, although it may come at a premium due to its rarity and value.
When dealing with precious metals like platinum and iridium, it's essential to exercise caution and verify the authenticity and purity of the materials. Additionally, be aware that there are legal and regulatory considerations when buying and selling precious metals, so make sure to comply with local laws and regulations regarding precious metal transactions.
How to Reclaim the High Value of these Metals
Recycling precious metals like platinum and iridium is a highly specialized process that Specialty Metals Smelters and Refiners can do for you. Remember that the process is subject to environmental regulations and standards, so it must comply with legal and environmental requirements.
If you have platinum-iridium scrap and would like to know more about reclaiming the metals it contains for top dollar, call Specialty Metals Smelters and Refiners at 800-426-2344 or email us at sales@specialtymetals.com. We are here to make recycling this very valuable material easy – and profitable – for you.
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