Plasma arc smelting technology will be used for the PGM business. GCEI has agreements with the world’s leader in plasma smelting technology. The Plasma Arc Furnace has been smelting PGM for 30 years while the proprietary plasma technology has been operating in over 80 plants worldwide since 1964.
The Plasma Arc Furnace which will be acquired by GCEI is the most efficient smelter in the world with recovery rates of over 99%. The high recovery rate creates a highly profitable smelting operation as each troy ounce of PGM can be as valuable as $1400 T/oz. Big PGM acquisition will be the big catalyst.
Plasma arc smelting technology will be used for the PGM business. GCEI has agreements with the world’s leader in plasma smelting technology. The Plasma Arc Furnace has been smelting PGM for 30 years while the proprietary plasma technology has been operating in over 80 plants worldwide since 1964.
The Plasma Arc Furnace which will be acquired by GCEI is the most efficient smelter in the world with recovery rates of over 99%. The high recovery rate creates a highly profitable smelting operation as each troy ounce of PGM can be as valuable as $1400 T/oz.
GCEI (Global Energy Inc) 2 main reasons I am in it are below.
This is the aspect of GCEI that I am really interested in. The PGM acquisition. THIS IS GOING TO BE HUGE! PGM ACQUISITION: GCEI's PGM : The Platinum Group Metals includes platinum, palladium and rhodium which are widely used in industry, technology and vehicles globally. GCE expects to report revenues of approximately $20M per year.
*This will include the acquisition of a nonferrous scrap metal and catalytic recycling company in the US. GCE will focus on becoming a major aggregator of spent catalytic converters from end of life vehicles, which are rich in Platinum Group Precious Metals (Platinum, Palladium and Rhodium). PGM from used auto catalysts can be highly and efficiently recovered through a state of the art smelting process.
The company will be a fully vertically integrated operation from procurement through smelting on route to recovering up to 99% of the precious metals found in end of life catalytic converters. The management team will be comprised of top executives from the 2 companies. The PGM market is robust. Leading PGM analysts expect annual palladium deficits of approximately 2 million ounces per year for the next three years. Palladium mine supply production this year will fall to its lowest level in nearly 20 years, while demand for the metal continues to grow, according to a December 1, Citigroup research report. On the demand side, analysts point to United States' demand, as well as China's drive to enforce auto emission Euro 5 standards and the burgeoning market in Brazil.
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