The role of a recycling company
Recycling companies are suppliers of precious metals and precious metals-bearing materials. Recycled precious metals are traditionally defined as anything that is precious metals-bearing and don't directly originate from a mine in its first life-cycle, i.e., the material comes from a secondary source.
Roughly 1/3 of the global gold supply originates from secondary sources.
Subcategories of recycled precious metals are:
remelted bullion bars and coins, jewelry, scrap or industrial by-product.
Recycling companies are involved in the conservation of precious metals and given the increasing focus on sustainability a major pillar within the precious metal industry.
Your benefits as a recycling company
Digitalise your sourcing and KYC efforts and share the results seamlessly with your downstream customers (KYCC)
Benefit from fast, secure and efficient flows of data and documents which leads to faster payment terms
Document the origin of collected and processed materials and, hence, start digitalizing the life-cycle of the materials
Involve external auditors or umpires for the assaying process at ease and in a digital manner
Differentiate your brand also in the digital world
Testimonials of members of the aXedras™ Ecosystem
The aXedras™ Ecosystem represents a global community who is actively applying the Bullion Integrity Ledger™ in order to increase the transparency and integrity within the global precious metal industry.
"We’ve joined aXedras’ industry solution for several reasons. We are both processing recycled material and scrap material throughout our production. Some of our downstream customers have been asking for provenance documentation around their products they are sourcing via B.H. Mayer’s. Since we’ve got already a very sophisticated PPS in place, we want to share the transparent documentation of our diligent processes around sourcing and processing with our valuable downstream customers.”
B.H. Mayer’s Kunstprägeanstalt GmbH