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February 14, 2018

4 Tips for Choosing a Precious Metals Recovery Program

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Continued technological innovations as well as rapid economic growth have resulted in large amounts of electronic waste. Nearly all technology devices on the market today contain some type of precious metal. If you manufacture a High-Performance product, chances are excellent that it contains precious metals that can be recovered. Gold, silver, palladium and platinum can be found in most electronic components. 

Recovering precious metals is challenging because of the complex material makeup within many devices. These materials can be both valuable and harmful. That combination is why it is important to work with a precious metals program that understands not only the optimal value recovery methods, but also has the most current environmental processes in place.

Although there are many precious metal refineries, they are not all capable of providing solutions for complex materials while also offering the most value recovery. Can your precious metals recovery provider fulfill your sustainability mandates while improving your bottom line?

Here are four tips to help you choose a precious metals recovery program that will maximize the value recovery of your material.

Look for Transparency

Only work with a vendor that is transparent in all aspects of their business.  Make sure you will be provided an assay with measures in place that prevent sampling bias and provide the highest levels of accuracy. A strong precious metals recovery program should have a metallurgical expertise that ensures value is fully identified and recovered. You should also ensure all documentation and settlements are clear and precise.

Ensure They Maintain a Customer Oriented Approach

Always work with a company you feel you can trust. Part of earning your trust is by following a customer-oriented approach. This would include a simple process that provides fast settlements, as well as having the ability for you to receive your payments promptly. As every customer has different needs, it’s important to find a precious metals recovery program that is flexible enough to address your specifications, responsive enough to ensure you feel comfortable with the process from beginning to end and dedicated to obtaining the maximum return on your precious metals material.

Understand Their Capabilities

Make sure they can perform the level of service you require. Precious metal refineries have various levels of capabilities and expertise. It’s important to clearly define your needs and ensure that the vendor has the experience to process any lot size and maintain lot integrity, thereby ensuring the most accurate return possible.

Check for All Relevant Certifications

Ensure the precious metals recovery program is operating under all current industry standards. It’s important to research the standards and certifications held for a better understanding of the precious metal providers overall operational processes and compliances.

Common Certifications for Precious Metals Processors Often Include:

(R2) Standard Certification - Responsible Recycling

EPA Certifications

ISO 14001 Certification – Environmental Processes

ISO 9001 Certification – Quality Management

OHSAS 18001 Certification – Occupational Health & Safety

ITAR registration – Proprietary or commercially sensitive material handling

ECS was founded 37 years ago, as a Precious Metal Refiner. Click here to learn more about how we can put our experience to work for you!