Tag Archives: in house precious metals lab
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.
Download Newsletter As I write this column, palladium has just hit a two year high in price. This is great news for recyclers who sell catalytic converters. The other metals in converters (platinum and rhodium) are also doing quite well. Although most recyclers typically follow platinum as an indicator of their converters worth, palladium is Read More […]
Download Newsletter There is a lot going on in the PGM industry worldwide at the moment. PGM (platinum group metals) refers to the group of precious metals used to make catalytic converters for internal combustion engines.
Download Newsletter A supplier who has been selling to us at Recore for several years called me this week. The owner share “Don, I have been enjoying your newsletter very much. I read often about the benefits of selling your converters based on return and want to sell that way.”
Download Newsletter So here we are in this “new world.” This world I speak of is the business environment that exists today in our industry. This world is something few of us predicted and varies greatly from what we all had not too many years ago.
Download Newsletter Writing this article in early August we are presently observing great prices on PGM’s (platinum group metals). Both Pt (platinum) and Pd (palladium) are at the highest levels we have seen in a year. Judging by what I see in our warehouse, I’m not saying anything that most of you don’t already know. Read More […]