(Kitco News) – The technical and digital revolutions have transformed gold and silver demand from monetary metals and fashion accessories to essential components that are continuously used in our daily lives, according to one refiner celebrating its 100th anniversary.
In a recent interview with Kitco News, Chris Jones, president of precious metals refiner Gannon & Scott, said that tech recycling has been the fastest growing sector for precious metals refining for his company over the past century, and that continues today.
The company regularly receives palettes from manufacturers stacked with boxes full of high-value components ready for precious metals recovery. “It is incredible to think about all the electronics that use gold and silver.
High-density PC boards and other components are a mix of materials. So, precious metals recovery can be challenging. Customers rely on our expertise in evaluating the potential for recovery and returning high-value,” Jones said.
Although thrifting of precious metals has been a growing trend in electronics as manufacturers try to reduce costs, Jones said that there is still no replacement for these metals. He added that gold will continue to be critical for component in robotics, aerospace and the medical sector.
For the rest of this article: https://www.kitco.com/news/2019-03-26/100-Years-Of-Gold-And-Silver-Refining.html