Precious Metals in Cars - APMEX (2024)

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Learn About the Role of Precious Metals in Your Car

Steel, fiberglass and rubber are all commonly recognized components in modern automobiles, but you can also find a substantial amount of Precious Metals in cars. The most significant uses are Platinum and Palladium in catalytic converters, along with Silver and Gold in electronic circuit boards. While Silver-oxide batteries can be found in military vehicles, Precious Metals are not typically used in the batteries of commercial cars and trucks.

PLATINUM IN CARS
Almost all gasoline and diesel-fueled cars and trucks manufactured within the last 30 years contain Platinum. Used as a component in catalytic converters, Platinum is one of the most efficient materials at changing toxic vehicle emissions into substances that are less harmful to the environment. The catalyst, a part of any catalytic converter, is typically made of ceramic material and lined with a layer of Platinum. The amount of Precious Metal used depends on the placement of the engine, size of the car and retail price of the vehicle.

While battery-powered electric cars do not utilize Precious Metals, hydrogen fuel cell technology, an alternative to the large, slow-to-charge batteries, makes use of Platinum in catalysts.

PALLADIUM IN CARS
To reduce costs, many automobile manufacturers have transitioned to lining catalysts with a Palladium alloy incorporating both Platinum and Rhodium. These additional Precious Metals have been used in varying degrees for many years, with ratios that fluctuate with the price of Palladium and other metals. Because catalytic converters can easily be removed from most cars, harvesting and recycling the Precious Metals within has become a lucrative business. Palladium and Platinum retrieved from junk cars and trucks can be reused in lab equipment, electrodes, designer jewelry and even electric fuel cells.

Palladium is also useful in creating hydrogen fuel for some electric cars. Membranes made from Palladium, which has a high level of permeance, can efficiently filter hydrogen, excluding other gases commonly present. This use is essential because most hydrogen fuel today is produced using natural gas, which emits carbon dioxide.

SILVER AND GOLD IN CIRCUIT BOARDS
Every car and truck built today includes several computers. These electronics monitor engine performance, control onboard navigation and automate hundreds of switches throughout the vehicle. These circuit boards, just like those in cell phones and personal computers, almost always include Silver and Gold as components. You can also find trace amounts of Gold in airbags, audio systems and decorative elements of luxury cars.

Silver-oxide batteries have existed for many years, but are not typically found in personal vehicles. This absence is partly because of the high cost associated with using Silver as a component. However, as the tech industry creates innovations that reduce battery sizes without limiting power, we may see Silver demand increase for electricity storage in automobiles.

Start exploring our most popular Precious Metal products to expand your collection today.

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FAQs

How much is the precious metal in a catalytic converter worth? ›

The recoverable amounts of Pt, Pd, and Rh in each can range from 1-2 grams for a small car to 12-15 grams for a big truck in the US. The value of the PGM composition of a single catalytic converter can vary from less than $100 to more than $1000.

How much platinum is inside a catalytic converter? ›

Although the quantities vary by model, on average, only one standard catalytic converter contains about 3-7 grams of platinum, 2-7 grams of palladium, 1-2 grams rhodium.

How many grams of palladium are in a catalytic converter? ›

However, typically, a catalytic converter contains between 3 to 7 grams of palladium. It's important to note that catalytic converters also contain other precious metals such as platinum and rhodium, which are used as catalysts to reduce emissions.

What is the most valuable metal in a car? ›

The catalytic converter is one of the most valuable parts of a car when it comes to scrap value. This component helps to reduce emissions and contains valuable metals such as platinum, palladium, and rhodium, making it a target for scrap car dealers.

How much is 1 gram of rhodium worth? ›

At today's price of $164.17 per gram, rhodium has changed +6.22% this year and is down –66.15% since the start of last year. Since the beginning of 2022, it has lost –69.97% in value, and compared to its price of $217.82 per gram on Jan 1st 2020 rhodium has changed –24.63%.

How to get platinum out of catalytic converter honeycomb? ›

Originally Answered: How do you get platinum out of a catalytic converter? You can melt it out by grinding (requires diamonds or silicon carbide) the honeycomb (made of aluminum oxide) to a fine powder, then heating it to above 1768.3 °C.

How to extract platinum from gravel? ›

Mining platinum in placer deposits is a relatively simple process. Dredges scoop the platinum-bearing sand or gravel from riverbeds or mining pits. The material is washed until platinum grains or nuggets are captured and pulled from the surrounding material. Sperrylite, or platinum arsenide.

How many grams of gold are in a catalytic converter? ›

Catalytic converters contain Platinum, Rhodium and Palladium. However, there is no gold in catalytic converters.

How to extract palladium? ›

The steps that constitute the process are : leaching with sulphuric acid and nitric acid, removal of impurities, precipitation of palladium yellow salt (dichlorediamine-palladium(II)), reduction of this salt to metallic palladium and finally the smelting of this metal.

How much is 1 gram of palladium worth? ›

Live Palladium Spot Prices
Palladium Spot PricesTodayChange
Palladium Prices Per Ounce$991.00+35.00
Palladium Prices Per Gram$31.86+1.13
Palladium Prices Per Kilo$31,860.65+1,125.25

How much scrap is a catalytic converter worth? ›

It's possible to get up to $1,000 for your catalytic converter. The amount you may be offered at a local scrapyard can vary tremendously since the precious metals inside the converter (namely platinum, palladium, and rhodium) will ultimately determine what the converter is worth.

Which cars have the most expensive catalytic converters? ›

According to data from 2020, the most expensive catalytic converter belonged to the Ferrari F430, with a mind-popping $3,770.00 price tag. Moreover, the F430 needed two of them, so a full replacement would run car owners $7,540 before labor costs.

What scrap metal is worth the most money? ›

Copper is among the most valuable metals for most scrappers. Pound for pound, it is worth more than most other common metals and is the king of non-ferrous metals. Not all copper products are worth the same, though, and the price of copper can change dramatically over time compared to other metals.

What is Earth's most valuable metal? ›

RHODIUM: TOP MOST VALUABLE METAL

Rhodium is the most valuable metal and exists within the platinum group of metals. It is used in jewelry for a final finish on white gold jewelry. It occurs in the very same ore in which gold and silver exist – only, in smaller quantities.

What is the most valuable part of a catalytic converter? ›

Small amounts of rhodium are also found within a catalytic converter. Rhodium, like platinum and palladium, is very rare and valuable. Even though the monolith is the most valuable part, recyclers are almost always buying the full converter and extract the ceramic themself in order to avoid depreciation or fraud.

What is the highest scrap value of a catalytic converter? ›

It's possible to get up to $1,000 for your catalytic converter. The amount you may be offered at a local scrapyard can vary tremendously since the precious metals inside the converter (namely platinum, palladium, and rhodium) will ultimately determine what the converter is worth.

How much precious metal can be recovered from a catalytic converter? ›

Typically, the amount of rhodium in a catalytic converter is anywhere between 1-2 grams, while the amount of platinum ranges anywhere from 3 to 7 grams and the amount of palladium ranges anywhere from 2 to 7 grams.

How much is palladium an ounce? ›

Live Palladium Spot Prices
Palladium Spot PricesTodayChange
Palladium Prices Per Ounce$956.00+7.00
Palladium Prices Per Gram$30.74+0.23
Palladium Prices Per Kilo$30,735.40+225.05

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