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Precious Metals Recycling Services
A metal is deemed precious if it is rare. Precious metals are found in all sorts of products. More than just gold, silver and platinum but also platinum family metals such as palladium, rhodium. These metals are similar chemically and share certain physical properties. The critical similarity for high tech industry applications is resistance to corrosion. Unlike most other metals, they not are valued in cents per pound, but more highly in dollars per troy ounce ( approximately 31 grams ).
Precious Metals uses in industries
Although not always obvious, electronic scrap can be an especially fertile source of value. A variety of gold, silver and PGM materials may be suitable for reclamation. Gold, silver and other precious metals are critical elements to many industries for example electronics and automotive manufacturing.
Value of electronics
One ton of mined gold ore, contains a approximately 6 grams of gold. The proportion of precious metals used in cars and televisions around the world is higher than that. This means that scrapped electrical and electronic goods can arguably be called "modern gold mines"