Catalytic converters in the scrap industry are a hot commodity nowadays. With the prices of palladium, rhodium and platinum (the three precious metals found inside catalytic converters) reaching an all-time high recently, catalytic converter recycling has become a big part of the scrap metal industry over the last few years.
There are many scrap yards that purchase scrap catalytic converters across EU, but choosing the right ones can be tricky.
Recyclers are currently trying to get their hands on some great deals by recycling these vital components from used cars and it is becoming more popular every day! Meanwhile, the collectors are purchasing catalytic converters at increased prices from scrap yards and other sellers across Europe.
We wanted to share our insight on how and where to sell your scrap catalytic converters in Europe in this heated market.
In this article, we’ll give you all the information you need to help you in your decision-making process.
How can I find the best catalytic converter buyer for scrap?
The catalytic converter industry is still suffering from a lack of knowledge and resources. It is often said that the scrap yards have the most difficult time getting their hands on accurate pricing for catalytic converters.
We believe that everyone should have access to this information so we developed a free catalytic converter app for everyone to check the real-time prices of converters.
However many buyers and sellers still do not have all the resources and knowledge required to provide accurate pricing and grading for catalytic converters. That’s where the Bacmetall app comes in.
We’ve made it easy for you to find the price of your scrap catalytic converters. Having this information will not only help you sell but also help optimise the purchasing process. It stops you from overpaying for certain catalytic converters and provides a more transparent and accurate price for all.
Here are three top tips when choosing where to sell your used catalytic converter across Europe:
- Know where and how you want to sell catalytic converters
- Check the company you’re selling to online
- Know your serial numbers
1. Know where and how you want to sell catalytic converters
There are different ways in which you can sell your used catalytic converter in Europe: either directly to a refiner or through an intermediary.
Refiners often use an expanded version of purchasing and pay for the material only after a quick assay.
Expanded: these terms and conditions will include all the costs associated with processing, treatment, refining, and financing charges. It is a slightly more complex method to understand; however, it is easily the most transparent and trustworthy one.
Condensed: these terms and conditions deduct a fixed percentage from the metal market value the number of ounces contained in the assay. This method is a simplified version of expanded. All the charges are included in the percentage retained by the recycler, with the remainder of the “profit” paid to you.
The condensed version is a preferred method for those who care less about the accuracy of the process and want to receive a price as soon as possible.
Pay-per-piece: these terms and conditions can use a grading system or an extensive catalytic converter catalogue. By using this method companies pay for each individual piece. It is the riskiest model for the purchasing companies and it is often the most discounted one. That means that the sellers receive the lowest prices for their converters.
2. Check the company you are working with online
Recycling companies need to comply with the environmental requirements and must have specialist equipment to extract and separate the platinum from the converter’s internal honeycombs.
There are lots of places where you can get good money for your scrap converters, but it is also important to check the details of the company you are dealing with. It is often that companies with no proven track record have hidden fees or other ways of not providing full transparency of the process. It is important to note that companies that have been around for a while will aim to continue to consistently deliver top experiences for the customers while adhering to the latest regulations.
3. Know your serial numbers
Catalytic converter serial numbers are the best and most accurate way to determine the correct value when selling to a purchasing company. Serial numbers provide the year, model and make of vehicle it came from, also they can provide information about the precious metal content in the recovery process.
What if there isn’t a serial number?
If you are searching for a serial number on your catalytic converter and can’t find one there are a few things you can do.
- Use Steel Wool – Some catalytic converters have corrosion on them, so you may have to scrub some of the rust off to find a serial number
- There isn’t a serial number – Some cats just don’t have a serial number and that’s ok, a reputable buyer should still be able to identify it.
Send your sales manager a message via Whatsapp or an email with the sample photo for the price quotes:
- Examples of the catalytic converter references photos:
Contact one of the sales managers https://bacmetall.com/team/
or use our general inbox info@bacmetall.lt and we will get back to you.
