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Precious Metal Recycling

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Recycling has become a household world in most homes. With the constant emphasis on cleaning up the environment and conserving energy, we are recycling everything that's recyclable. While the things that are most thought of when referring to recycling are paper, plastic, steel and other metals, precious metal recycling is also being done regularly. Although it hasn't always been as common to recycle precious metal, recycling is being done on these as well due to the increase of recycling prices.

Precious metals are rare metals whose chemical elements equal a high value economically. What makes these metals precious, besides their chemical compounds, is the fact that they're rare. They are softer, have a higher luster, higher melting point and have a higher ductility than other metals. Some of the most common precious metals include silver, gold, platinum and palladium. Although, at one time, their importance was for their use as currency, today they are considered great investments for jewelry and industrial commodities. Although the investment opportunities are high with a precious metal, recycling is often an option because it's the most economical and energy efficient choice.

Gold and silver are the most known of precious metals. In addition to their industrial uses and investment possibilities, they are widely used for jewelry, art and coins. Platinum is also a family of many precious metals including osmium, rhodium, ruthenium and iridium. Although not part of the platinum group, rhenium is also a precious metal. Recycling of many of these metals is taking place more and more because of the rising prices given for them. Individuals possessing old jewelry such as class rings as well as household items are choosing precious metal recycling as a way of either getting cash for the metals or having them redone into a new item.

With the price of gold at almost $1,000 per ounce as of January 2008, it's little wonder that industries and individuals would choose precious metal recycling as an option. Although silver is valued at much less than any other precious metal, recycling of silver is done frequently. What comes as a surprise to many is that jewelry and coins are not the only items that contain precious metals. There are many items that are used on a daily basis in our lives that contain precious metals. Some of these things may include catalytic converters from your car, printed circuit boards, motherboards, network and sound cards and many products that contain gold or silver-plated trim work.

Many companies now offer top dollar for the recycling of precious metals. They offer cash as well as the option to get the precious metal items made into something new.


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Scrap Metal Recycling In Mn News

Stolen gravestone vases found in Mpls. - Minnesota Public Radio


Minneapolis Star Tribune

Stolen gravestone vases found in Mpls.
Minnesota Public Radio
Police think the thieves hoped to sell the vases that are made of valuable copper to scrap-metal companies. Lt. Robert Goodsell says the thieves got rid of the vases probably because they found out they would raise suspicion from the scrap dealers.
Police asking for public's help after thieves steal more than 100 vases from ...The Republic
Thieves target burial groundsMinneapolis Star Tribune
Police: 100-Plus Vases Stolen From Crystal CemeteryCBS Local

all 29 news articles »

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Central Corridor: All aboard the art train - Pioneer Press


Central Corridor: All aboard the art train
Pioneer Press
Some call scrap-metal art a refutation of the developed world's increasingly throw-it-away-as-soon-as-it's-dented culture. Others just call it a fun and affordable way to recycle. Either way, the average passer-by probably wouldn't wander into the ...

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Hazardous waste collections set - Mille Lacs County Times (blog)


Hazardous waste collections set
Mille Lacs County Times (blog)
No. A map showing the site is available on the county website: co.mille-lacs.mn.us. There will also be recycling of appliances, electronics and scrap metal. Items that can be dropped off without a charge include paint (oil and latex), stains, ...

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Critics of war on invasive carp decry cost, environmental impact - Minnesota Public Radio


Minnesota Public Radio

Critics of war on invasive carp decry cost, environmental impact
Minnesota Public Radio
But closing part of a major river to boats has generated some strong opposition in the Twin Cities, where two big industrial users still rely on barge shipping: a scrap metal recycler, and Aggregate Industries. On Grey Cloud Island south of St. Paul, ...

and more »

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Gerdau makes $50 million investment in St. Paul steel mill - Pioneer Press


Gerdau makes $50 million investment in St. Paul steel mill
Pioneer Press
The continuous caster turns scrap metal into steel bars that can be further refined for industries that need high-quality steel, said Bill Blazar, senior vice president of public affairs and business development for the Minnesota Chamber of Commerce.

and more »

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