There is value in all scrap metal
People are returning more metals to specialized recycling facilities today than in the past.
“We are a sorting and receiving center for all scrap metals and iron,” says Högni Auðunsson, owner of Málma. He is here in an informative chat with Sigursveinn Óskar Grétarsson, the new manager of the metal and mechanical technology section of Augnablik í iðnaði.
Högni says the company strives to buy metals to recycle them, thus allowing the material to be reused in the circular economy.
As an example, Högni mentions the recycling of catalytic converters. “On every single catalytic converter, there is a number that can be looked up in a database to find the converter's real value,” he says. The converter consists of palladium, platinum, and rhodium, which is the most valuable metal in the world.
The material rhodium is becoming depleted in the world, and if it is not recycled, that metal will become extremely expensive and eventually run out.
A 50% stake in the company is owned by a Dutch company that has been in this business for almost 100 years. “We work according to their processes,” says Högni, “we are not reinventing the wheel but following certified processes that ensure the quality of the recycling.” Above all, it is ensured that the metal is recycled in an environmentally friendly way.
Málma's service is available to both individuals and companies, and no amount is too small to bring in for recycling. Assistance with sorting is available upon request. The company accepts aluminum, stainless steel, copper, brass, and other types of metal.
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