Metal Recycling Center 317-244-0700

Precious metals have been valuable for a very long time. Everyone understands that gold and silver are very valuable. Below you will find a list of the top 10 most precious metals in the world. This list is not going to rank the most precious metals due to price fluctuating with market demand. For example, gold is priced right now around $1400.00 an ounce. Not so long ago, the price per ounce was nearly $2000.00.

So as you can see, prices fluctuate.

10 Common Precious Metals:

Rhodium

This extremely rare metal is commonly used for its reflective properties and its high melting point. Also, known for its ability not to corrode.

Platinum

Most known for jewelry, this metal is not only dense but malleable. Along with its ability not to corrode and withstand great quantities of hydrogen, allow this metal to be used not only for jewelry but also dentistry, aeronautics and numerous other industries.

Gold

The most famous precious metal is not only used in the jewelry but also known for several other industries such as electronics due to its conductivity.

Ruthenium

Ruthenium is a member of the platinum metal. This metal is known for abilities to withstand outside elements along with its hardness. This metal is commonly combined with platinum to create substances that are harder and more impermeable.

Iridium

This metal is also a member of the platinum metal. Produced from platinum ore as a byproduct of nickel mining, this rare metal is known for its really high melting point and being one of the densest elements in the world.

Osmium

This metal is similar in regards to iridium in that it shares the same characteristics as a really high melting point and being one of the densest elements in the world.

Palladium

For its ability to absorb hydrogen at room temperature and stay stable at high temperatures, palladium is used frequently in catalytic converters, used to create white gold, and helps with electronic plating.

Rhenium

With the third highest melting point and being one of the densest metals, rhenium is used is used for many reasons. Turbine engines and electronic contact points are just a couple of the reasons.

Silver

Most known for its jewelry, this element has the best electrical and thermal conductivity of all the metals.

Indium

This metal is produced from zinc ore processing and can be used for corrosion-resistance, semiconductors, and alloys for flat panel devices.

Indianapolis Precious Metal Buyers

Indianapolis Metal Recycling 317-244-0700

Since precious metals are worth so much money, you may be interested in selling them for cash. If you would like to make some extra money in an instant, call Zore’s Recycling at 317-244-0700 today. We pay cash for scrap metal, metal commodities, and all precious metals. Not only do we buy jewelry and other commodities made from precious metals, we also buy all types of scrap metal; such as appliances, cars, electronics, and more. Contact Zore’s Recycling at 317-244-0700 more information about selling your precious metals for cash in Indianapolis, Indiana today.

Precious Metal Recycling 317-244-0700

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