Aboveground MiningFederal Autocat Recycling is a subsidiary of Metalico, Inc. (MEA on the American Stock Exchange), one of the country’s largest scrap recyclers, giving us the footing and foundation to help establish long term partnerships that are win-win scenarios for all parties involved. One of our green initiatives is aboveground mining.
When you partner with Federal you are contributing to our aboveground mining operation which reduces the need for drilling and strip mining to obtain platinum (and other precious metals) that we recover from your spent cats for re-use in new catalytic converters.
Because platinum demand is continuously increasing, supply is extremely limited. In fact, sources of platinum production are quite scarce, making above ground mining reserves even more critical in keeping manufacturing costs for new catalytic converters at reasonable prices. According to some estimates, if platinum mining were to stop today, existing above ground reserves would last about one year.
Contact us to learn more about our aboveground mining.