Are you aware of how to select the most suitable company to help refine and retrieve your scrap silver, gold or platinum or any another precious metal?
This is an important choice since it could influence the amount and worth of your investment. No matter who you choose to collaborate together, the greater details you can gather more you know, the more successful your overall business connection will turn out to be. To help you with this we’ve put together a list of questions to ask a refiner who works with precious metals prior to cooperating with them.
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What method do they employ to refine or recover precious metals?
As an industrial manufacturer, you must take note of processes that are used in refining and recycling processes because they can result in precious metal scrap you can reuse within your company. One method that is reliable is phyrolysis. It is the process of forming noble metals, causing into cider and then pouring them out, which splits the 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 then carried away and leave only the precious metal. After the other metals are removed the precious metal that is melting is then cooled, and then shaped into a weight or bar.
How does the refining process will it take?
Typically, the duration of refining depends 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 processing time is, the quicker you’ll get the money. Be wary of refineries that provides “same day service”. They could be making a mistake that is not the best for your financial situation.
What is the worth of my scrap metals?
To figure out how much 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 no-cost sample and assay services to determine the worth of your scrap. In order to calculate the approximate amount, you’ll be able to determine which market or prices the refinery bases their payouts on.
There are many methods 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 widely accepted by the industry of precious metals. Through a fire assay gold and silver are isolated from the non-precious materials through fusion using the lead oxide-based flux. If done correctly with a trained technician an assay on fire is precise to 1 part per 10,000.
Platinum, palladium and low-grade substances must undergo a separate procedure called inductively coupled laser optical emission spectrometry, also known as ICP-OES. In short, ICP uses high temperature plasma to trigger the atoms and ions which produce electromagnetic waves. The readings of wavelength and intensity indicate the quantity of the elements present in the sample. The process is costly and time-consuming to carry out due to the intricate preparation process that the sample has to go through prior to being examined. 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?
Actually, 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 the tests are 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 good refiner will need to be concerned about that request. When you’ve got your results, and your refiner has theirs, examine both results to make sure that the right decision based on the analysis was taken. This is the simplest method to ensure fairness and transparency throughout the entire process of refining. Consider if you want to work with any firm that doesn’t give you an example.
What are the fees you will cost me?
Always make sure you ask this question in advance. It is essential to have an understanding of each 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 could happen that different kinds of metals have different costs for the same service. Some refiners will try to lure clients with “flat fee” processing with no additional costs. The numbers might look 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 more complicated affair than having one company charge “X” while another charging “Y”, and many aspects can have an impact. The more data you have and the more positive answers you get by your refiner then the easier you will find it easier to select the best partner for your company.