Business In Catalytic Converters

1. Article3: Globalrefininggroup.com Business In Catalytic Converters Everyone today knows about catalytic converters. Each car has this device fit into it for the purpose of reducing the toxicity of exhaust emissions. There is a ceramic honeycombed structure inside which compounds of platinum are placed. These compounds are actually catalysts, which help in promoting reaction of harmful gases to produce emissions that are not harmful. Notice here that these catalysts are made of platinum, which is a rare earth metal. There has thus emerged a huge market for a scrap catalytic converter. The huge catalytic converter numbers means that there is an equivalent amount of scrap generated from which useful material can be extracted. Not only in terms of precious metals, but also the scrap metal body of the converter can be put to good use. In terms of business value, catalytic converters are gathering pace as a good investment. This is happening because people have realized the value of the materials that into making it and are ready to sell the catalytic converter they own. Now, those with a mind for business have taken it upon themselves to earn from this. People establish a small start-up company that deals in these devices. What they do is, they contact vehicle owners to sell them their scrap catalytic converters for a basic price. They know the math, and pay the justified prices to you for the converter. In order derive some margin out of this whole affair, when these businessmen take the device to recyclers, they charge a bit higher. This helps them earn a margin, and the recyclers do not have to worry about door-to-door collection. The middlemen are doing everything for them, so whatever costs they cut by saving on collection, only a fraction of it is invested in buying them from middlemen. This business saw profit somewhere, therefore today you see many companies willing to buy your converters from you. There is nothing wrong with this business model. Business means finding way of making an earning, and rare earth metals are a good place to make investment. What makes catalytic converters a very attractive business option is that their metal can be recycled too. Usually, the facilities where these devices are sent also perform smelting of catalytic converters. This basically means that in addition to recovery of the remaining precious metal from the ceramic honeycomb, the converter body can also be recycled. Which means the scrap device now has added value. You earn from the remaining catalyst, and you earn from the metal too. The amount you earn from catalytic converters depends on prevailing precious metal rate. Usually, one device consists of about 3 to 7 grams of platinum. Most recyclers guarantee processing the converter within thirty calendar days, so you can expect to be paid within that time. Most of the recyclers usually accept these devices in lots of three digit numbers so that processing is simplified. This is why the collection companies are always on the lookout. To know about catalytic converter prices or who buys catalytic converters, visit Globalrefininggroup.com ABOUT THE AUTHOR Tom Blake is an expert in recycling catalytic converters who also likes to write many interesting articles and blogs, helping people in understanding the process and the many advantages that stem from it. In the US, he recommends Globalrefininggroup.com as the most trusted specialist for this job.