Precious metals like gold and silver have been valued for centuries, not only for their beauty and rarity but also for their practicality in various applications. With the increasing demand for sustainable practices, recycling these metals has become an essential process. Let’s delve into where these metals come from, how much is recycled annually, and the benefits of recycling. Finally, we’ll discuss why selling your scrap metals to us is a wise choice.

The Origin of Gold and Silver

Gold and silver are extracted from the earth through mining processes that involve significant environmental disruption and energy consumption. These metals are found in ores, often mixed with other elements, and must be separated through various extraction techniques. Gold is commonly found in rock formations and riverbeds, while silver is often a byproduct of mining other metals like copper and lead.

Annual Recycling Rates

Recycling plays a crucial role in the supply chain of precious metals. Each year, a significant portion of the global supply of gold and silver comes from recycled sources.

• Gold: Approximately 1,200 tonnes of gold are recycled annually, accounting for about 30% of the total supply. This recycled gold is primarily sourced from old jewellery, electronic devices, and industrial scrap.
• Silver: Around 7,500 tonnes of silver are recycled each year, making up about 20% of the total supply. Silver is recovered from old coins, industrial byproducts, electronics, and photographic materials.

What Recycled Metals Are Made Into

Recycled gold and silver are used to create a variety of products:

• Jewellery: A large portion of recycled gold and silver is fashioned into new jewellery, continuing the cycle of beauty and value.
• Electronics: Both metals are essential components in electronic devices due to their excellent conductivity and resistance to corrosion.
• Industrial Applications: Recycled metals are used in various industrial processes, including the production of automotive parts, medical devices, and renewable energy technologies.

Benefits of Recycling Metals

Recycling precious metals offers numerous environmental and economic benefits:

• Lower Emissions: Recycling metals requires significantly less energy than mining and refining new metal. This results in lower greenhouse gas emissions and a smaller carbon footprint.
• Resource Conservation: By recycling, we reduce the need to extract new raw materials from the earth, conserving natural resources and protecting ecosystems.
• Economic Efficiency: Recycling creates jobs and supports a circular economy, where materials are reused and repurposed, reducing waste and promoting sustainability.

Why Sell Your Scrap to SMP Bullion & Diamonds?

At SMP Bullion & Diamonds, we offer competitive prices for your scrap gold and silver, ensuring you get the best value for your materials. Here’s why you should choose us:

• Transparent Pricing: We provide clear and fair pricing based on current market rates. Check our latest scrap prices for more details.
• Expert Evaluation: Our experienced team evaluates your precious metals with precision, ensuring you receive an accurate assessment.
• Sustainable Practices: By selling your scrap metals to us, you’re contributing to a more sustainable future. We prioritise eco-friendly recycling processes that minimise environmental impact.

For more information or to sell your scrap gold and silver, visit us at:

SMP Bullion & Diamonds
41 Northampton Street
Hockley
Birmingham
B18 6DU

Or contact us at 0121 236 9844 or email us at sales@smpbullionanddiamonds.co.uk. Join us in making a difference through responsible recycling.