Platinum group metals — primary and secondary refining
Refining
Built for complex feeds
Platinum group metals are refined from both primary and secondary feedstocks. The process is lean and purpose-built for speed, with a typical turnaround of roughly two months per lot — versus six to nine months for typical overseas toll refining.
Our process handles complex mixed streams without meaningful loss. Iridium, ruthenium, rhodium, and osmium — the metals most refiners handle poorly or reject outright — are processed with ease and efficiency, individually and as constituents of complex alloys, including platinum-iridium and other PGM alloy systems. The result is a straightforward process that returns more value to our customers on every lot.
Our process covers all six platinum group metals, plus gold and silver. Iridium, ruthenium, rhodium, and osmium are our specialty — not our limit.
Process
How material moves through refining
A standard four-stage flow from intake to return or supply, consistent with how the precious metals refining industry operates.
Material received under standard know-your-customer and anti-money-laundering procedures. Custody documented from receipt.
ICP analysis and independent third-party inspection by a nationally recognized precious metals inspection firm. Results shared with the customer before refining proceeds.
A proprietary, automated process recovers and separates individual PGMs — rapid, clean impurity removal with no hazardous vapors.
Refined product returned to the customer, credited to a metal pool account, or converted into sponge or chemical product form for supply.
Services
Beyond refining
Alongside refining and recycling, Ironveil supports customers through the commercial side of a PGM transaction.
Commercial customers can lock in current spot pricing ahead of final settlement, protecting against market movement between intake and payout.
Settlement by wire, ACH, metal pool credit, or physical return of refined product — structured around how your business operates.
Insured pickup and transport, with custody controls maintained from origin through refining and final settlement.
From single-metal lots to complex multi-PGM streams, one relationship carries you from intake through final settlement.
Supply
Supply
Ironveil supplies iridium, ruthenium, rhodium, and osmium — as well as platinum and palladium — as high-purity sponge (99.95% purity standard), with additional forms developed to customer requirement.
We also supply the full range of platinum group metal chemical derivatives, including custom-formulated compounds and specialty products delivered against specification for catalyst and industrial applications.
Material intake, custody, insured transport, assay, and settlement follow standard precious metals industry practices. All chemical products are supplied to industry-standard certifications.
Frequently asked
PGM offtake & refining questions
What sellers and commercial customers ask before sending a lot.
What PGM material does Ironveil take as offtake?
Both primary feedstock (mining concentrate) and secondary feedstock are accepted — spent catalysts, alloy scrap, and other PGM-bearing residues — including complex mixed streams and platinum-iridium alloys.
How long does PGM refining take?
Typical turnaround is roughly two months per lot, from intake through assay, refining and separation, to final settlement or supply — versus six to nine months for typical overseas toll refining.
How is my material assayed and valued?
Every lot is analyzed by ICP-OES/ICP-MS and inspected by an independent, nationally recognized third-party precious metals inspection firm, with results shared before refining proceeds.
Can I lock in pricing before settlement?
Yes — commercial customers can hedge and lock in current spot pricing ahead of final settlement to protect against market movement between intake and payout.
How does settlement work?
By wire, ACH, metal pool credit, or physical return of refined product, structured around how your business operates.
Which platinum group metals does Ironveil handle?
All six — platinum, palladium, rhodium, ruthenium, iridium, and osmium — with specialized depth in iridium, ruthenium, rhodium, and osmium, the four metals most refiners cannot process efficiently. Gold and silver are covered as well, for all eight precious metals.