How Scrap Catalytic Converters Are Valued 👍POSTED ON 5 January 2021 by Matchie T.
We all know that catalytic converters have good scrap value, primarily due to their platinum, palladium, and rhodium content, but also because of the complexity in the recycling process. The spent catalyst must go through de-canning, grinding, smelting, and a multi-stage chemical separation before the 3 precious metals can be extracted in a pure form, a process necessarily carried out by specialists who have the appropriate recycling and safety equipment. There are 3 factors that determine th ...
Platinum - the Most Frustrating Metal!💎POSTED ON 14 December 2020 by Matchie T.
For many years, particularly since the mid-1970’s up until 2011, platinum was nicknamed the “rich person’s gold” as its price was typically around 25% higher than that of gold. Since then, however, the price of platinum has plummeted and it now trades at approximately half that of gold. A similar story exists when comparing platinum and palladium, a saga we are very familiar with in the catalyst recovery industry. Even with the uncertainty in stock markets this year as a result of the COVID ...
Catalytic Converter Recycling and the Environment 🌳POSTED ON 9 October 2020 by Matchie T.
Those in the catalytic converter recycling business are continuously discussing and debating the financial aspects of the market - the demand for and value of new and used vehicles, the fluctuations in the price of platinum, palladium, and rhodium, the costs of the recycling process, and so on. There is, though, another important aspect of the business that should never be overlooked, and that is the environmental and ecological benefits that this industry brings, and we will be taking a look at ...
Post COVID-19 Money Laundering Issues💸POSTED ON 24 August 2020 by Alice
For the last few months, Eco Cat news has focused on the impact that coronavirus COVID-19 has had on the supply, demand, and prices of Platinum Group Metals (PGMs). Whilst numerous COVID-19 “hotspots” remain around the globe, lockdown seems to be generally easing now and a semblance of normality is returning to the world of business. source: Post Corona: The Supply of PGMs? Like most industries, the scrap catalytic converter market has suffered severely since March and its partici ...
Post Corona: The Supply of PGMs 🚜POSTED ON 13 July 2020 by Alice
Following our recent article on The Platinum Group Metal demand situation, we now take a look at the current position on the availability of these metals as many countries ease back on their COVID-19 lockdown restrictions. Primary Market (Mining) The mining of PGMs is confined to just a few countries:- As this map shows, COVID-19 has been impacting severely on the availability of mined platinum, with the main supplier, South Af ...
Post Corona : The Demand for PGM 📈POSTED ON 18 June 2020 by Alice
Even though easing of lockdown restrictions are now underway, The COVID-19 pandemic continues to have a major global impact on lives, on businesses, and economies. The virus is not only a tragic health pandemic but is also causing the steepest, deepest economic contraction in living memory, with collapses in both the supply and demand sides of the economy. So we make no apologies for revisiting the subject for a further look at how it continues to affect the catalytic converter industry There ...
COVID-19 Impact on PGMs Part II💥POSTED ON 25 May 2020 by Alice
Just 2 months ago we penned our first article about the impact of the novel coronavirus, COVID-19 on Platinum Group Metals. As well as the tragic loss of life, the spread of the virus continues to disrupt economies across the globe, resulting in unemployment, business closures, and market volatility. Certainly, much has already changed in the space of 2 months… Demand Back in March, we noted significant falls in the prices of palladium and platinum caused primarily by m ...
COVID-19 Impact on PGMs 💥POSTED ON 18 March 2020 by Alice
Now declared a pandemic by the World Health Organization (WHO), the novel coronavirus COVID-19 is now spreading dangerously across the globe. Apart from the tragic loss of life, it is inflicting, it is already having a major impact on financial markets and on the economies of many countries. In this article, we take a look at its impact on the Platinum Group Metals - platinum, palladium, and rhodium. The Early Days… As more and more measures are bei ...
Rhodium - PGM’s Cinderella 🎉POSTED ON 13 February 2020 by Alice
In all the recent furors over the relative prices of platinum and palladium, and what this means for the manufacturers of catalytic converters, the third, member of the “catalyst club” is often overlooked. Rhodium, one of the rarest metals on earth and the third PGM used as a catalyst in the automobile industry plays a prime role in reducing nitrogen oxide, a major pollutant in the exhaust gas. However, it is used in much smaller quantities than platinum and palladium - around 1 million ounces p ...
A Palladium Explosion! 💥POSTED ON 7 February 2020 by Alice
In a recent article, we spoke about the potential substitution of palladium for platinum in catalytic converters due to the rising price of the former. Well, even we have been taken aback by recent market price fluctuations… In just a few short weeks since the start of 2020, palladium’s price has rocketed by more than 22%, making it 80% more expensive year on year. Indeed, since the start of 2016, the price has risen from $450/oz to more than $2,300/oz - an increase of well over 400 ...
You will find here some articles related to the catalytic converter recycling business and the PGM market news.
- 32 Auto catalyst
- 8 Automotive industry
- 2 Europe
- 11 Platinum Group Metals
- 3 Platinum
- 4 Palladium
- 3 Rhodium
- 5 Regulations