Tag Archives: buyers of scrap aluminum rims
Download Newsletter We have all enjoyed fantastic converter pricing over the past couple of years. Just this year we saw palladium hit an all-time high. Since the manufacturers have been increasing palladium content in converters over the past 15-20 years the sky high pd prices have put converters at all-time highs.
Download Newsletter—https://www.recoretrading.com/wp-content/uploads/2020/02/December-2019-Newsletter.pdf As of this writing (early November) palladium continues to impress and in a very big way. As the primary precious metal used in catalytic converters in gas powered vehicles this really affects auto recyclers.
Download Newesletter There has been a lot of speculation recently as to whether the OEM car manufacturers will switch back to platinum (pt) from palladium (pd) in the building of catalytic converters. This would greatly affect recyclers and the prices they receive for scrap converters.
Download Newsletter The past year has seen PGM (platinum group metals used in converters) prices shoot up through the roof. As usual when prices spike, all of a sudden every Johnny Come Lately is a converter buyer who by his own words “pays more than anybody”. Here is what happens: Johnny pulls into a yard Read More […]
Download Newsletter According to worldwide precious metal analysis, the future for recycled palladium is very good. If you sell scrap catalytic converters from gas burning vehicles, you are a key cog in the palladium market wheel.
Download Newsletter https://www.recoretrading.com/wp-content/uploads/2019/08/August-2019-Newsletter.pdf A guess list is the more accurate name of a price list when used for the purchase of catalytic converters. Price/guess lists and code numbers are the methods used by some converter buyers to guess at a value of your material. Unfortunately, for the seller (the yard) these methods are far from Read More […]
Download Newsletter As we are midsummer and one year into our new facility, some observations come to mind. The move to our purpose-built facility in Hudson has been extremely positive in all areas. I have always held efficiency as a top priority so this is the defining objective in all areas of Recore.
Download Newsletter The gradual change in the quantity and type of metals the manufacturers have made to the catalytic converters over the past decade or two is really showing in the converters we are buying today. This, along with the dramatic increase in the price of palladium combined to push scrap converter prices through the Read More […]
Download Newsletter Last month I attended a conference on precious metals as used in automotive catalytic converters. The range of topics covered included future prices and demand of the platinum group metals (pgms) and future automotive technologies.
Download Newsletter Historically, platinum group metals (platinum palladium and rhodium) as they relate to automotive catalytic converters, have traveled the ups and downs of the commodity markets mostly together. When one went up the others usually followed and vice versa.