700 Industrial Drive, Ste K, Cary IL 60013

Palladium refining and palladium scrap

Palladium is often an overlooked precious metal. People don’t always know where to find palladium scrap or whether it is worth something. Sadly, they might be missing a great deal of money because of this. When you recycle palladium scrap, you can then do palladium refining, which is the process to recover palladium from scrap metals.

If you want to know more about palladium refining and making money from palladium scrap, keep reading!

Looking for the best palladium refinery?

Palladium scrap price

The price of palladium has been going up steadily for the last couple of years, and its price has grown more than gold and platinum. Even at its highest price on the market, gold didn’t reach the price of palladium. At this moment, 4/12/2021, gold is at $1,732 per ounce and palladium is at $2,646.

The actual price of your palladium scrap will depend on the weight, purity, and palladium market price of the day, but with the current palladium price, you can make a good profit even with a few grams.

Why is palladium’s price so high? The simplest answer is because it is in such high demand, but it’s rare to find. Palladium can be used in many applications. It has a low melting point and density compared with the other platinum group metals, which makes it more malleable. 

Yet, it is very difficult to find in nature, and most times, it is obtained as a side product of the mining of other metals. That is why palladium recycling is such a profitable and environmentally important business. It being a noble metal, it can be recycled and reused over and over again without losing its properties.

In short, its scarcity and high demand are the reasons why palladium is such a valuable precious metal.

Why is palladium overlooked?

The first thing you need to know is that palladium cannot be recognized by the naked eye. It looks like any other metal and is frequently confused with titanium or steel, which have no market value; therefore, it often gets thrown away.

Another thing that happens is that refineries often do not even mention palladium as being part of the scrap they refine. Because it can’t be eyeballed, they do not disclose when they find it on their assay reports. In that way, they can keep the complete value of it and only pay you for the metals that you would most expect to be found, like gold or silver.

This also happens when you work with cash buyers on the spot. They will pay you only for the metals you can see, like yellow gold, and leave out the rest of the precious metals that can be more valuable. If there is palladium on your scrap, they won’t even say it and will later make a huge profit when it’s refined. Also, because you might think that that scrap has no value, you might not even consider it the next time and lose lots of money.

Where can I find palladium?

As we discussed before, palladium is very scarce yet very useful. These are some items in which you can find scrap palladium to recycle:

  • Dental scrap. Palladium has been one of the most used metals for dental implants; almost all porcelain fused to metal and dental alloys contain it.
  • Jewelry. Palladium-plated jewelry, as it is used to make jewelry look white and resist tarnishing, and also jewelry scraps like palladium wires, sweepings, and grindings.
  • Manufacturing alloys. You can find palladium sponges, flakes, sputter, and sputtering targets.
  • Automotive catalytic converters. These contain a variety of precious metals used as catalysts, and palladium is one of them.

If you have scrap that is not on this list but think it might contain palladium, you can send it in any way! We will be happy to test it and let you know its real value. Request a free container now!

Palladium refining: How to recycle palladium scrap?

Recycling palladium scrap is quite simple on your side. You just need to select the correct precious metal refinery and get in touch to send in your scrap palladium and start the palladium refining process.

After the palladium refining process is completed, the refinery will assay the materials to know how many precious metals your scrap contained. Then, they will notify you of the results and settle with you in the way of payment.

It is important to work with a professional and trustworthy refiner, so you will be sure to get paid exactly what you should, and they won’t hide any results from you.

At Core Scientific, we pride ourselves on being the leader of the precious metal refining industry, always following our core values: 100% transparency with our customers and the highest return in the sector. We use the latest technologies and assay methods to ensure we get the best results from the refining and you get paid accordingly. 

Check this page to learn more about us. If you are ready to start refining, get in touch with us! We will be glad to help you to start recycling your palladium scrap.

Looking for the best palladium refinery?

CONTACT US

Address:

700 Industrial Drive, Ste K

Cary IL

60013, United States

Phone: 866-660-4631

Working hours:

Monday-Friday: 9:00 – 5:00

Saturday: Closed

Sunday: Closed

Google Rating
4.5
Based on 54 reviews
js_loader