Catalytic Converter Recycling
There are quantities of misinformation in the catalytic converter recycling industry that confuses sellers. And there is information that smelters and refiners will not divulge when dealing with their suppliers of auto catalyst. This is not disclosed to increase their own profitability.
If you are de-canning and selling auto catalyst to your buyer you often can’t understand why you have fluctuations in your assays. You might be unable to compete in your area against much larger de-canners who are paying more for converters.
First, the companies that out pay you probably deal with the same smelter/refiner you deal with. They are often treated to better terms and assays than you due to their volumes. If you are small you will have difficulty competing.
You may even have other competitors doing volume and dealing with a different smelter/refine than you. Possibly, you still will not be able to compete since they generate much higher volumes and have longtime relationships with their smelter/refiner.
Another factor that impacts assays is no one will tell you how to separate your cats prior to de-canning. This will affect your assay as our metallurgist Ed Schwenk has stressed: “Sampling is an art and assaying is a science.” You must understand how sampling can affect your assays.
Further, Edmund Schwenk CEO/Metallurgist of PGM Recovery Systems States:
“The single most important factor when you sell auto catalyst from used catalytic converters is the assay, not terms! Assay transparency is paramount! Many de-canners we speak to believe they are not getting correct assays on their material. Some have de-canned, shipped to other companies and received a little more than they could have sold their whole converters for in the first place.”
HOW WE CAN HELP
As a business owner, you must be quite certain you can increase your profitability substantially before you will change your path. Whether you are a long time de-canner or you are investigating de-canning, here is how we can help you and your business:
Foremost, profitability is critical to your success. That is our greatest concern since we work to enhance your profitability through information, transparency and fair business practices. If we fail to prove this to you, we lose your trust and potential business.
Converter accumulators deserve higher profits since they are the prime generators of scrap catalytic converters. We respect that and lower our profit margins to push more across the table to you.
Additional profit will help you generate capital to expand your catalytic converter recycling business.
Each shipment moves straight to the smelter from your location. We do not touch your auto catalyst prior to the smelter milling, sampling and assaying your shipment.
Our CEO is a metallurgist who can disclose information to you that you will never have access to in the industry. This can provide you an edge in your region.
Transparency & Payment
PGM Recovery Systems emails you assays within 8 to 9 days after receipt of your material. Additionally, you will receive a final email settlement and payment via bank wire within 2 days of the assay. Comparatively, the assays and payments are the fastest in the industry. Other smelters and refiners take anywhere from 4-6 weeks to assay the PGM’s from your auto catalyst and several days later to pay. And yes, we can advance 80% of your hedged ounces the day after arrival of your shipment.
CATALYTIC CONVERTER SHELLS & 316 WIRE
One further thing about de-canning your scrap catalytic converters is you can virtually cover your de-canning costs with the scrap items generated. This is because the scrap catalytic converter shells are made of 409 stainless steel and the wire wrap inside the scrap catalytic converters is 316 stainless steel. 316 stainless steel is 10%-14% nickel worth a minimum of $.50 lb scrap value. As a result, you can sell the 409 SS shells and 316 SS wrap to offset your de-canning labor costs.
As an example, you can sell the shells for $.07 lb or more to a scrap steel dealer and $.12 per pound for 409 S.S. The average weight of one catalytic converter shell is approximately 7 pounds. A de-canner can de-can 35-50 scrap catalytic converters per hour, so to see how that works to your benefit, take a look at the math.
35 shells per hour x 7 lbs. x $.07 lb = $17.15 per hour recycled steel value.
35 shells per hour x 7 lbs x $.12 lb = $29.40 per hour recycled 409 S.S. value.
As you can see, it is possible to have your scrap catalytic converters shells and 316 S. S. wire pay for the processing cost.
We source catalytic converter recycling auto catalyst from catalytic converter de-canners, automotive recyclers, auto core buyers and scrap catalytic converter buyers.