FAQ

Buyers of Platinum, Palladium, Iridium, Rhodium, Ruthenium, Rhenium & Indium

Over $500,000,000 bought since 1985.

Platinum Refining

Sell Iridium, Ruthenium, Call 845-708-0855 for Quote

RHODIUM, RUTHENIUM, IRIDIUM:  WHAT & WHY?

Rhodium , ruthenium and iridium, known as minor PGMs (platinum group metals) are by-products of platinum and palladium mining.

Approx 700,000 to one million oz of rhodium and ruthenium are mined annually. Iridium has annual production of 100-200,000 oz. These metal have no terminal market, i.e. futures, although a couple of rhodium ETF’s now exist. These metals have unique properties catalytic, resistive & corrosing resistance. They are application driven and relatively liquid,  (compared to gold, silver and platinum), They trade only in the OTC marketplace and can be volatile.

WHAT FORM DO THESE METALS COME IN IF I WANT TO BUY?

These metals are marketed in sponge form (powder) although recently rhodium coins have been made & marketed, though the premiums for rhodium coins can run upwards of 10% , negating any entry point advantage for a speculative purchase. These metals are .999 + purity and are major (usually South African ) brand.

HOW DO I GO ABOUT BUYING OR SELLING PRECIOUS METALS?

Contact Crystal Bay and the absolute best price, buy or sell, will be found in the OTC market. Once a trading credit line is established or a deposit is remitted ( to hedge against adverse market moves before the deal is completed) a bid or offer will be presented based on the quantity and prevailing market conditions. Once good payment is made the metal is shipped to the desired location. All deals subject to AML regulations and guidelines. When selling, material must be received and verified before payment.

All weights and purities guaranteed. All material comes with certificates of analysis and matching lot numbers

For more information call Allan Lederman 845-548-9255.