Download Newsletter PGMs (platinum, palladium and rhodium) are the group of precious metals used in the production of catalytic converters. Historically PGM market prices have behaved very erratically and would fall and rise by extreme amounts for the craziest of reasons.
Download Newsletter With the price of both PT (platinum) and PD (palladium) being very strong lately, a lot of yards are deciding it is a good time to sell their converters. They are right! We are seeing many lots of converters that yards have been sitting on for a while.
Download Newsletter As of this writing, all the markets salvage yards sell to are doing great. I hope that saying this out loud will not jinx things and I don’t think it will. The ferrous prices are at decent levels and the forecast is strong for January and February.
Download Newsletter The Auto and Truck Recyclers Association of NH has developed into what most consider to be the finest state group of recyclers in the country. This association hits the mark in every category bringing tremendous benefit to recyclers and communities which they serve.
Download Newsletter Salvage Yards Help Cure Cancer! OK, that may be a bit of a stretch but not too far. Here’s my rationale for the headline – Of all the platinum used, whether it be industrial, medical or for jewelry, most of it is derived from recycling. By far the largest recycler of platinum group Read More […]
Download Newsletter To the surprise of most market analysts, palladium (PD) has been the best performer of the year. PD recently hit a 16 year high in price! As one of the three PGM’s (platinum group metals) used in the production of catalytic converters, its use in recent years has increased dramatically over the other Read More […]
Download Newsletter Like every other business auto salvage yard owners seek to get every dollar they can from the products they sell. It makes perfect sense for a yard owner to maximize the return they get for every product they sell.
Download Newsletter July sales numbers on new cars are out and they are not pretty. GM is down 15%, Ford down 7.5% and other manufacturers are in similar situations. Manufacturers have had a pretty good run with great sales in the recent past so this downturn is somewhat expected.
Download Newsletter Because of the strong support from our loyal suppliers we have outgrown our facility in Derry, NH. I remember back in 2006 moving to Derry saying, “Where are we going to get the product to fill this place?” Well, we did find the product through our ever-increasing supplier base, for which we are Read More […]
Download Newsletter There are some interesting things going on in the PGM (platinum group metals) markets. At the moment, we are enjoying very good pricing for the reclaimed precious metals from converters. It seems as though the markets are behaving as predicted with very gradual gains overall and some profit taking along the way.