New warehouse will serve as a collection site for used catalytic converters.
Precious metals recycling company Metallix Refining Inc., Shrewsbury, N.J., has opened a warehouse facility in Eatontown, N.J., that has been designed to focus on purchasing scrap catalytic converters. Collected catalytic converters will be shipped to Metallix’s refinery in Greenville, N.C.
Metallix says the establishment of the new facility has created an opportunity for the local catalytic converter recycling market to have direct access to working with Metallix’s team of catalytic converter buyers.
“Our team of catalytic converter buyers will work with you to develop a pricing strategy that will align with your business goals and precious metal recycling needs,” says Chris Kaye, a spokesman for Metallix.
“By working directly with a precious metal refinery, our suppliers will profit from quicker transactions and higher payouts.”
Metallix also owns and operates its own trucks, allowing it to perform spot purchases at a supplier’s location.
Metallix Refining, which has been in business since 1968, focuses on buying scrap materials containing gold, silver, platinum, palladium and rhodium from small and large businesses.