Platinum Group Metals sales and trading pro Patrick Magilligan has joined scrap catalytic converter buyer Key Metal Refining LLC.
PGM sales veteran Pat Magilligan was recently hired by New Jersey-based Key Metal Refining (KMR) as Director of PGM Marketing. Magilligan has over three decades of experience in commodities trading, sales, and research, working with the likes of Merrill Lynch, Prudential Securities, and A-1 Specialized Services & Supplies Inc.Reading Time: 1 minute
KMR purchases spent catalytic converters and extracts platinum group metals from them. The extracted catalyst material is then smelted, refined and sold to other market participants as fungible metals, completing the loop on the recycling process.
Company President John D. Bruno believes Magilligan’s extensive background in PGM sales will increase the return on KMR’s metals stating “In this competitive environment you have to be efficient in every aspect of the business, including metal sales.”
“Pat’s experience helps us to do that. Metal sales is an important part of the business. Improving efficiency in metal trading helps to enhance returns“ Bruno expounded.
According to Bruno “Better returns on our metals will help us to continue to grow while achieving the highest levels of customer service.”
For more information visit KeyMetalRefining.com
About Key Metal Refining LLC
Key Metal Refining (KMR) buys scrap catalytic converters as the raw material source for its platinum group metal sales generated through its recovery and refining process. KMR’s controlling partner is DOWA Metals and Mining Co. America, a wholly owned subsidiary of DOWA Holdings Co, Ltd. KMR de-cans catalytic converters at its plant in Hainesport New Jersey. The material is further refined and smelted by DOWA in Japan.
DOWA Holdings Co Ltd (5714.T-JP:Tokyo Stock Exchange) was founded in 1884 at Kosaka mine, Akita and is headquartered in Tokyo, Japan. Harnessing its technologies and operational experiences in mining and smelting,
DOWA operates unique recycling-oriented businesses that range extending from the production of metal and high value-added products to waste treatment and recycling.