Platinum recovery_ How much is the price for platinum slurry recycling per kilogram

Platinum is one of the most valuable metals on Earth and has a wide range of applications in various industries. From catalytic converters to jewelry, the demand for this precious metal has always been high. However, extracting platinum from its ore is not always that easy. The recycling price of platinum ore slurry is a key factor affecting the profitability and viability of platinum mining business. In this article, we will explore what platinum slurry is, how it is processed, and how the recycling price of platinum slurry affects the platinum market.

What is platinum slurry?

Platinum slurry is a mixture of platinum, palladium, rhodium, and other metals extracted from ores. It usually exists in the form of Sulfide mineral and must be separated and treated by various chemical and metallurgical methods. The exact composition of platinum ore slurry varies according to the ore source and extraction process, but it usually consists of about 50-60% Platinum group, 10-20% copper and 10-20% nickel.

How is platinum slurry processed?

The process of extracting platinum slurry from its ore is complex and requires a lot of professional knowledge and investment. There are several different methods that can be used, but the most common method is smelting. Smelting involves heating the ore to a very high temperature and then melting it in a furnace. During the smelting process, the melted metal is divided into different layers, with the heaviest metal, including platinum, sinking to the bottom. Once the molten metal is separated, it is further refined using various chemical and electrochemical methods. This refining process removes impurities and separates different PGMs from the platinum slurry. The final product is a mixture of purified PGM, which can then be used for various applications. The recycling price of platinum slurry: The recycling price of platinum slurry is the price that mining companies are expected to obtain from platinum slurry extracted from ore. This price is determined by various factors, including the supply and demand situation of PGM, the cost of mining and refining metals, and the economic and political environment in which mining operations are carried out. Based on changes in these factors, the recovery price of platinum slurry may fluctuate significantly over time. For example, in the early 21st century, driven by rising demand in the automotive industry and supply disruptions in South Africa, the world's largest producer of platinum, platinum slurry prices hit a historic high. At that time, the recovery price of platinum slurry exceeded 2000 dollars per Troy ounce. However, in recent years, the recovery price of platinum slurry has dropped significantly, reaching a low point of about $800 per Troy ounce in 2018. This decrease can be attributed to several factors, including the shift to electric vehicles that require fewer catalytic converters, and the increase in platinum supply due to new mining operations in Russia and Zimbabwe.

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