If you have any scrap metal at your business, it certainly makes sense to get in touch with a company that can purchase this and aware you with you some money in return.
There are a lot of factors that are going to dictate how much money you are offered for your scrap metal. One of the main factors, though, is the type of metal that you have.
With that in mind, we are going to take a look at some of the most expensive metals in the world based on weight.
Firstly, we have rhodium, which is one of the most hotly traded metals at the moment. This is because there has been a price surge in access of 30 percent this year!
In 2007, rhodium peaked, but then it quickly crashed afterward. However, the metal is currently trading at a higher level than it was back then, and one of the main reasons for this is because the automotive industry is very much after this metal for their manufacturing.
It is used in catalytic converters, which is part of a vehicle exhaust system that lowers pollutants and toxic gas emissions. The metal is also quite rare, which is another reason why the price is higher for this metal when compared with others.
Palladium is the most costly out of the four main precious metals. The other precious metals being platinum, silver, and gold. It is rarer than platinum, yet it is used in greater quantities as well, and this is why it is able to command such a high price.
We could see the demand for palladium take a bit of a hit in the coming years because we expect there to be a higher uptake in vehicles that are powered by electric batteries.
Last but not least, you are probably not going to be surprised to see gold make the list! Gold is one of the most versatile commodities, and there are a lot of reasons why this is the case, from tradition to durability.
It is also used in many different applications. This includes everything from jewelry to aerospace. Therefore, you should certainly be able to get a good price if you are selling gold.
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So there you have it: an insight into some of the most expensive metals that are on the market today!
If you have any scrap metal and you are looking for a buyer, please do not hesitate to get in touch with us at Apex Recycling for more information! We will be more than happy to provide you with a quotation for the metal that you have and we will happily answer any of the queries that you have too. We have a great reputation in Michigan for providing the best prices on metal. We would love to hear from you!