Platinum recovery_ How to calculate the price of platinum waste recycling? How much is it per gram?

Platinum is a rare and precious metal used in various industries, including jewelry, electronics, and automotive manufacturing. Recycling platinum waste is an excellent way to protect natural resources and reduce environmental pollution. However, calculating the recycling price of platinum waste may be a complex process. In this article, we will discuss the factors that affect the price of platinum waste recycling and their calculation steps.

Factors affecting the price of platinum waste recycling:

The recycling price of platinum waste depends on several factors, including the purity and weight of the metal, the current market price of platinum, and refining costs.

Purity and weight of metals: The purity and weight of platinum waste are the most critical factors determining the recycling price. The higher the purity and weight, the higher the value of platinum waste. Platinum scrap can be in the form of jewelry, electronic components or Industrial waste. The purity of platinum in these items varies greatly, ranging from less than 50% to 99.9%. The weight of platinum waste is measured in kilograms.

Current market price of platinum: The current market price of platinum is another key factor determining the recycling price. The market price of platinum fluctuates daily based on global supply and demand. The price quoted in grams may vary greatly over time. Platinum prices are also influenced by economic and political factors, such as inflation, currency exchange rates, and geopolitical tensions.

Refining cost: Refining cost refers to the cost of separating and purifying platinum from other metals and impurities in the waste. The refining process is a necessary process for extracting pure platinum from waste and making it suitable for reuse. The refining cost may vary depending on the complexity of the waste and the efficiency of the refining process.

After understanding the factors that affect the price of platinum waste recycling, let's talk about the calculation steps:

Step 1: Determine the purity and weight of platinum waste

The first step in calculating the price of platinum waste recycling is to determine the purity and weight of the metal. This information can be obtained through laboratory analysis or X-ray fluorescence (XRF) testing. XRF detection is a non-destructive method that can quickly and accurately determine the composition of metals. Once the purity and weight of platinum waste are known, the total amount of pure platinum can be calculated.

Step 2: Check the current market price of platinum

Step 3: Calculate the total value of pure platinum: To calculate the total value of pure platinum, the weight of the metal needs to be multiplied by its purity and the current market price per gram. For example, if you have 800 grams of platinum scrap with a purity of 70%, and the current market price of platinum is 220 yuan per gram, then the calculation is as follows: 800 grams x 0.70 x 220 yuan=123200 yuan. Therefore, the total value of pure platinum in 800 grams of waste is 123200 yuan.

The above is the complete answer to the question of how to calculate the price per gram of platinum waste recycling by Dingfeng Precious Metal Recycling.