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Precious Metal Recycling

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Recycling has become a household world in most homes. With the constant emphasis on cleaning up the environment and conserving energy, we are recycling everything that's recyclable. While the things that are most thought of when referring to recycling are paper, plastic, steel and other metals, precious metal recycling is also being done regularly. Although it hasn't always been as common to recycle precious metal, recycling is being done on these as well due to the increase of recycling prices.

Precious metals are rare metals whose chemical elements equal a high value economically. What makes these metals precious, besides their chemical compounds, is the fact that they're rare. They are softer, have a higher luster, higher melting point and have a higher ductility than other metals. Some of the most common precious metals include silver, gold, platinum and palladium. Although, at one time, their importance was for their use as currency, today they are considered great investments for jewelry and industrial commodities. Although the investment opportunities are high with a precious metal, recycling is often an option because it's the most economical and energy efficient choice.

Gold and silver are the most known of precious metals. In addition to their industrial uses and investment possibilities, they are widely used for jewelry, art and coins. Platinum is also a family of many precious metals including osmium, rhodium, ruthenium and iridium. Although not part of the platinum group, rhenium is also a precious metal. Recycling of many of these metals is taking place more and more because of the rising prices given for them. Individuals possessing old jewelry such as class rings as well as household items are choosing precious metal recycling as a way of either getting cash for the metals or having them redone into a new item.

With the price of gold at almost $1,000 per ounce as of January 2008, it's little wonder that industries and individuals would choose precious metal recycling as an option. Although silver is valued at much less than any other precious metal, recycling of silver is done frequently. What comes as a surprise to many is that jewelry and coins are not the only items that contain precious metals. There are many items that are used on a daily basis in our lives that contain precious metals. Some of these things may include catalytic converters from your car, printed circuit boards, motherboards, network and sound cards and many products that contain gold or silver-plated trim work.

Many companies now offer top dollar for the recycling of precious metals. They offer cash as well as the option to get the precious metal items made into something new.


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Scrap Metal Recycling Business News

New recycling business pays cash for trash - Hometownlife.com


New recycling business pays cash for trash
Hometownlife.com
President Michael Bassirpour answered the following questions about the business: Tell us about your business, including the types of services and/or products you feature. We are a full-service metal and plastic recycling company. We purchase scrap ...

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Sims Metal face the scrap heap - Herald Sun


TheBull.com.au

Sims Metal face the scrap heap
Herald Sun
The company posted a $192.1 million net profit last year. Analysts had broadly forecast that Sims Metal would outperform the market this year. Sims shares tumbled 6.1 per cent yesterday, closing at $11.50 after the company blamed the global economic ...
Sims Metal slumps after profit warningSydney Morning Herald

all 59 news articles »

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WORKPLACES FEEL THE PINCH FROM SCRAP METAL THEFTS - Specification Online


Specification Online

WORKPLACES FEEL THE PINCH FROM SCRAP METAL THEFTS
Specification Online
ONGOING scrap metal thefts are helping to drive sales of plastic products amongst businesses and are also resulting in many making major improvements to the security of their premises according to workplace equipment provider Slingsby.

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Trash into treasure: Guzman fulfills business dream by collecting junk - The Salinas Californian


Trash into treasure: Guzman fulfills business dream by collecting junk
The Salinas Californian
Junk King's goal is to recycle 60 percent of materials collected. Guzman puts many items in bins behind his office. Recyclers then stop by to collect the items. One company takes whole refrigerators for recycling scrap metal. Another accepts e-waste.

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OSHA fines Clifton metal recycler for 19 workplace safety violations - NorthJersey.com


OSHA fines Clifton metal recycler for 19 workplace safety violations
NorthJersey.com
BY RICHARD NEWMAN A Clifton scrap metal recycler is facing $77500 in fines for 19 workplace safety and health violations, including several repeat violations, the Occupational Safety and Health Administration said Monday.

and more »

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Scrap metal prices prompting some farmers to clean up, cash in - Kingsport Times News


Scrap metal prices prompting some farmers to clean up, cash in
Kingsport Times News
They're selling scrap metal to recycling businesses and earning cash while cleaning up their farms. “We've just got so much metal lying around,” said Dennis Baker, a Shenandoah County corn grower. “It's been accumulating for years and years, ...

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Scrap Metal Including 30 Manhole Covers Stolen - KSAL


Scrap Metal Including 30 Manhole Covers Stolen
KSAL
A thief steals scrap metal, including 30 manhole covers, from a downtown Salina business. Nearly 35 million Americans are expected to hit the road this weekend. Two people are hurt when an SUV crashes on Interstate 70 east of Salina Thursday evening.

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SouthCoast scrap metal companies sued for water pollution - SouthCoastToday.com


SouthCoast scrap metal companies sued for water pollution
SouthCoastToday.com
By ARIEL WITTENBERG NEW BEDFORD — A Boston-based environmental law firm has filed lawsuits against four SouthCoast industrial scrap metal recycling companies, claiming they violated the Clean Water Act and polluted SouthCoast waterways.

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