In today’s precious metals market, Platinum is one of the more popular choices for collectors, aficionados, jewelry makers, craftsmen, and even automotive manufacturing. Currently, Platinum is worth nearly $1500 per ounce! In sustained economic stability, the value of Platinum can more than double the value of Gold or Silver. The opposite goes for unstable economic periods. In this blog, we will explore the value of Platinum and other recyclable metals within catalytic converters.

Continue reading to learn where, why, and how to recycle a junk car that still retains its Platinum constituents; as well as, discuss other metals that are also found and recycled from catalytic converters.

Did You Know Catalytic Converters Contain Platinum?

The catalyst in a catalytic converter is typically a precious metal. In most cases it is Platinum because it is proven to be the most effective catalytic agent; however, Palladium and Rhodium are common catalyst substitutes in the industry. Platinum is valuable because of its various uses. It can be melted down and reused over and over again; while never losing its value. This is a major reason why catalytic converters are in high demand in junk car lots and scrap yards. Not many people realize their junk car contains a valuable commodity that can benefit countless industries.

Recycle a Junk Car or Converter

When a person has a junk car that they wish to sell or get rid of, it is strongly recommended to sell or donate the vehicle to a scrap metal recycling yard. A converter can be recycled as a whole, for cash; or, the metal recycling company can disassemble the catalytic converter and remove the Platinum-bearing substrate or beads, then recycle them piece by piece.

Many groups believe that metal recycling is the future of alloy mining. Not only can recycling old cars and car parts benefit the environment, it can also benefit a person’s bank account. Most scrap metal yards pay cash for junk cars other recyclable items made from metal. This is because cars contain a great deal of recyclable metal; and some of this metal is very valuable and useful.

On top of Platinum, catalytic converters contain other useful and recyclable metals; such as Cerium, Iron, Manganese, Nickel, and Copper. As mentioned before, a catalytic converter can also contain Rhodium (as a reduction catalyst) and Palladium (as an oxidation catalyst). These are all recyclable and reusable metals that are considered valuable commodities in today’s’ scrap metal market and more.

How to Recycle a Catalytic Converter

The best approach to take as a beginner is calling a reputable metal processing company for information, instruction, and advice. Recycling a catalytic converter can be very lucrative if you use an honest and dependable scrap metal yard. It is important to do extensive research to determine who can offer you the best deal for your used car or car parts. Some companies can take advantage of novice metal recyclers. They make the mistake of assuming you do not know the true value of your junk car or converter.

This is why it is vital to consult a reputable and trustworthy metal recycling company in your area. They can lead you in the right direction for recycling metal and other commodities you might own. Metal recycling companies also accept various other metals, like the ones mentioned above, in other forms; such as appliances, equipment, machines, jewelry, and more.

Where to Recycle a Catalytic Converter in Indianapolis, Indiana

Zore’s Recycling has been in the metal processing and Platinum recycling industry for decades in Indianapolis, Indiana. You can speak with a friendly representative by calling 317-244-0700 day or night. We offer junk car selling, recycling, metal processing, scrap metal recycling, towing, electronic recycling, and much more. For the highest return for platinum and catalytic converters, call Zore’s Recycling in Indianapolis, IN today!