Maximize Your Converter Profits by Selling to a Toll Refiner
Catalytic converters aren’t just good for petty cash anymore. They’ve become in-demand commodities because of the platinum, palladium, and rhodium they contain, making them valuable assets for all scrap metal and automotive recyclers. But the reality of converter recycling is changing.
Selling by the piece isn’t optimizing their return on investment anymore, so many recyclers want a new strategy to evolve and keep up with the changes in the market. These new market realities are causing recyclers to seek innovative solutions to grow their businesses and in doing so, maximize their profits.
If you’re a recycler looking to make changes—if you want to stop relying on guesswork and start getting the most from your converters—it’s time to start working with a toll refiner.
Adopting the Toll Refining Method
The way forward in this new market is to get paid based on the metal composition of your material. That means partnering with a processor who assays your material, provides reliable converter tools, and assists you with every step of the process. When you work with a reliable processor, you’ll get valuable insights about your material, allowing you to hedge more effectively. Most importantly, the price you receive for your converters will be reliable, verifiable, and reflective of their true value. That’s how you maximize your converter returns.
A Processor Assays Your Converters
By assaying your material, your processor will determine the exact amount of platinum, palladium, and rhodium in your converters. At PMR, every converter is graded and prepared for processing. Converters are decanned and sampled as their own lot and won’t be mixed and sampled with another recycler’s material. That’s the first step to making sure that you’re getting the best possible price for your converters. The two primary assaying technologies we use to determine your precious metal content are ICP & XRF benchtop machines. These machines allow PMR to provide suppliers with detailed assay reports outlining their metal ounces, PPMs, extras, and much more, helping them have better visibility of their operations.
Toll Refiners & Converter Tools
With a processing partner, you should have access to straightforward evaluation, buying, and tracking tools. These tools are invaluable and will help you buy more confidently and profitably. With this confidence, adapting to changes in the market is a breeze. For example, PMR’s photo grading tool allows you to keep a picture of each converter purchased and shows the market value of a given unit. When you’re ready to ship, the complete record of what’s headed out the door is right at your fingertips.
It’s also crucial to keep track of your inventory, ensuring transparency within your operations and with your processing partner. With PMR’s inventory box system, you can keep a record of your converters, helping you project your revenue stream on a month-to-month basis. It also gives you the reliable data you need to make important decisions quickly and confidently.
Getting Converter Assistance
Valuable information, including industry insights, can help your business adapt and keep growing for years to come. WIth converter experts on speed dial, you’ll have direct access to purchasing and tracking assistance, helping you understand the changes in the precious metal market and how to keep up with those changes.
At PMR, we believe in peeling away the layers of confusion in the converter recycling industry. That’s why suppliers get global assistance from a range of converter experts, equipping them with the right tools and knowledge to succeed.
How PMR Is Paving the Way
PMR has been offering toll refining solutions to recyclers of all sizes for more than 25 years. Our commitment to innovation has allowed us to provide refined assay results on lots as low as 100 OEM units in 10-15 business days. With this unparalleled level of service, suppliers maximize their converter profits, grow their operations, and keep their businesses on the right footing no matter how the market changes.
Our Supplier Services Platform (SSP) is a one-stop shop for recyclers, helping them grow their purchasing knowledge, secure their inventory, and develop a big-picture perspective on their operations.
As the industry continues to shift and evolve, PMR is right there to help recyclers adapt, grow, and succeed with their converter operations.