Are you aware of how to select the most suitable supplier to refine or retrieve the scrap silver, gold or platinum or any of the other metals that are precious?
It is a crucial decision since it could influence the amount and amount of your earnings. Whatever company you decide to work on with, the better data you can gather to hand, the better your overall partnership will become. In this regard we’ve created a list of questions to ask a refiner of precious metals prior to cooperating with them.
What is the method they employ to refine or recover precious metals?
As an industrial manufacturer, you must take note of methods that are used in refinery and recovery processes since they can result in precious metal scrap you can reuse for your business. One method that is reliable is phyrolysis. It makes noble-metalliferous metals solid, melting the metals to form cider, then pouring them out, which is the process of separating precious metals. This method involves introducing different chemical gases are added into the molten metal. Atoms of non-precious metal stick to gas molecules and get ejected and leave only the precious metal. After the other metals are removed and the precious metal is molten, it is then cool and formed into a weight or bar.
How does the refining process be?
Typically, the duration of the refining process is contingent on the substance being processed. Materials of high-quality like silver and gold are processed more quickly than carpets or sweeps of lower quality. The faster the process, the quicker you’ll get the money. Be wary of a refinery which offers “same day service”. They could end up using shortcuts that aren’t financially beneficial for you.
How do you determine the worth of my scrap metals?
To figure out how much your scrap is 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 reputable refiner will provide a no-cost sample and assay to determine the worth of your collection. To determine an estimate of value you’ll be able to determine which prices or markets the refinery bases the payouts they make.
There are a variety of methods available to evaluate the worth of the precious metals in the scrap. Assaying with fire, also referred to as cupellation, is the most common method used to determine the value of silver and gold widely accepted by the industry of precious metals. Through a fire assay valuable metals can be separated from the non-precious substances by fusion with the lead oxide-based flux. If done correctly through a highly skilled tech the accuracy of a fire assay can be measured to 1 part per 10,000.
Platinum, palladium and low-grade substances must undergo a separate procedure called inductively coupled laser optical emission spectrometry (ICP-OES). In short, ICP uses high temperature plasma to trigger the atoms and ions which produce electromagnetic waves. The readings in wavelengths and their intensity reflect the quantity of the elements in the sample. The process is costly and time-consuming because of the intricate preparation process that the sample goes through prior to being analysing it. Be sure to ask your refiner which methods they’ll employ and the time it will take to get an estimate.
What can I rely on to confirm an assay test result?
You should not. Although most refineries aren’t intent on deceiving you however, at the end the day, there are humans running extremely sophisticated tests. In terms of how exact these tests can be errors can be made. It is advisable to request an item to return it so that you can conduct a third-party test. A good refiner will be a problem with this request. After you have your results and your refiner’s has theirs, examine both results to make sure that the correct analytical decision is done. This is the most efficient method of ensuring fairness and transparency throughout the entire process of refining. Consider if you want to work with any firm that doesn’t offer you an example.
What will you charge me for the charges you’ll be charging me?
Always be sure to ask this question upfront. You should have a complete knowledge of every expense associated with the refinement or recovery from your valuable metals and make sure you request your refiner to write every detail in writing. It is possible that different kinds of materials come with various fees for the same services. The refiners might try to attract clients with “flat fee” processing with no additional costs. It may appear appealing however, often they’re too good to be true.
In the end, make sure you are aware before selecting 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 by your refiner then the easier you will find it easier to select the most suitable company for your needs.