Are you aware of which is the best company to help refine and retrieve your scrap silver, gold or platinum or any of the other metals that are precious?
This is an important choice since it could influence the size and amount of your earnings. No matter who you choose to collaborate together, the greater data you can gather more you know, the better your overall connection will turn out to be. To help you with this we’ve put together a list of questions to ask a refiner of precious metals prior to work with them.
What method do they employ to refine or recover precious metals?
As an industrial manufacturer, you must know the methods employed in refining and recycling processes because they can result in precious metal scrap can be reused within your company. The most reliable method is phyrolysis. This process is the process of forming noble metals, causing into cider and then pouring them out, which is the process of separating precious metals. This method involves introducing various gasses of chemical nature are added into the molten metal. The non-precious metal’s atoms adhere to gas molecules and get ejected leaving only the precious metal. After the other metals have been eliminated and the precious metal is molten, it is then cool and then shaped into a weight or bar.
How is the refining process going to be?
Typically, the duration of the refining process is contingent on the type of material that is being processed. The most expensive materials such as silver and gold are processed faster than carpets or sweeps of lower quality. The faster processing time is, the faster you’ll get the money. Be wary of a refinery which offers “same day service”. They could be using shortcuts that aren’t financially beneficial for you.
What is the worth of my scrap metals?
To figure out what your scrap worth, you’ll be able to determine the purity and the weight of platinum, silver, gold or any other precious metals in the scrap. A reliable refiner will provide a free sample and assay to determine the worth of your scrap. To determine an estimate of value you’ll be able to determine which market or prices the refinery base the payouts they make.
There are a variety of methods available to evaluate the worth of precious metals found in the scrap. The fire assay, also referred to as cupellation is the preferred method for silver and gold that is internationally recognized by the industry of precious metals. By using a fire assay valuable metals can be separated from the non-precious substances by fusion with an oxide of lead that is a flux. If done correctly with a trained technician the accuracy of a fire assay can be measured up to one part per 10,000.
Platinum, palladium and other low-grade materials must undergo a different process known as inductively coupled plasma optical emission spectrometry, also known as ICP-OES. In short, ICP uses high temperature plasma to trigger particles and ions to radiate electromagnetic energy. The readings of wavelength and intensity indicate the amount of elements in the sample. The process is costly and time-consuming to carry out due to the complicated preparation that the sample goes through before it is examined. Ask your refiner about the techniques they’ll use and the time it takes to get an estimate.
What can I rely on to confirm the results of an assay?
You should not. While the majority of refineries aren’t trying to trick you however, at the end the day, there are human beings conducting extremely complex tests. As precise as these tests can be errors can be made. It is advisable to request an example of your product to return it so that you can conduct a third-party test. A reputable refiner should need to be concerned about that request. After you have your results and your refiner’s has theirs, it is best to check both to ensure the right decision based on the analysis is taken. This is the simplest method to ensure an open and fair process throughout the entire process of refining. Be wary of working with any firm that doesn’t offer you an example.
What are the fees you will be charging me?
Always be sure to ask this question upfront. You should have a complete knowledge of every cost associated with refinement or recovery from your valuable metals and make sure you make sure that your refiner has every detail in writing. It is possible that different kinds of metals have various costs for the same service. Some refiners will try to lure clients with “flat fee” processing with no additional costs. It may appear appealing however, often they’re too good to be real.
Be educated prior to choosing a refinery that refines metals. It’s a much more intricate issue than a company that charges “X” while another charging “Y”, and many variables can impact. The more details you can gather and the better responses you get from the refiner you have chosen, the simpler for you to pick the most suitable company for your needs.