What Are The Best Places to Look for Platinum and Platinum Alloy Scrap? 

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Written By Barry Lenson

Platinum alloys are valuable and are commonly used in various industrial applications, including electronics, jewelry, and more. And if you can find platinum and platinum alloy scrap, chances are good that you will be able to recycle it for a good payback. After all, platinum is now trading for $908.00/troy ounce (at the time of writing). That means that even a small quantity of platinum scrap you find can often result in a big profit for you. 

Where Should You Be Hunting for Platinum Scrap? 

If you're looking to find platinum alloy scrap, here are some potential sources:

  • Aerospace and Defense Manufacturing Facilities and Scrapyards: These industries often use high-performance materials like platinum alloys in specialized components. Contacting companies in these sectors might yield sources for platinum alloy scrap.

  • Dental Labs: Dental labs use platinum and its alloys in dental prosthetics and other applications. They might have scrap material available for recycling.

  • Electronics Recycling Facilities: Some electronic components, especially those used in high-performance electronics, might contain platinum alloys. Electronics recycling facilities could be a potential source of platinum alloy scraps.

  • Industrial Manufacturing Companies: Companies that use platinum alloys in their manufacturing processes might have scrap material left over. This could include companies involved in chemical processing, petroleum refining, and certain types of equipment manufacturing, including electronics.

  • Jewelry Workshops: Jewelry makers often work with platinum and platinum alloys. You might be able to find platinum alloy scraps in jewelry workshops, particularly if they do custom work or repairs.

  • Metal Scrap Yards: Some metal scrapyards might have platinum alloy scrap available. However, finding platinum in scrapyards can be more challenging due to its high value and relatively low prevalence compared to other metals.

  • Online Marketplaces: Online platforms like eBay or specialized metal trading websites can have listings for platinum alloy scrap.

  • Precious Metal Refiners: Refining companies that deal with precious metals might have access to platinum alloy scrap or know where you can find it.

Remember to be sure you are acquiring materials from legitimate and ethical sources. Additionally, local regulations and laws related to buying, selling, and processing precious metals should be taken into consideration.

And when you have platinum scrap or platinum alloy scrap, call the precious metal refiners at Specialty Metals Smelters and Refiners to discuss how to have your platinum scrap analyzed and processed for maximum profit. The number to call is 800-426-2344. 

Barry Lenson
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