In this study, a novel method was proposed for the clean and efficient recovery of high-value-added In–Sn and In–Sn–Bi alloys. Vacuum volatilization of the In–Sn binary alloy was conducted in a temperature range of 1373–1573 K with a system pressure of 5 Pa. The results showed that In and Sn were effectively separated. The Sn content in the residue was 99.9908%, and the In content in the volatile fraction reached 99.66%. Vacuum volatilization of the In–Sn–Bi ternary alloy was conducted out at 1073–1373 K and 5 Pa. The results showed that Bi could be separated from In and Sn, the Bi content in the residue decreased from 32.5% to 3.88%, and the Bi content in the volatile fraction reached 95.67%. The residual In–Sn alloy could be effectively separated by vacuum volatilization. The MIVM, M-MIVM, Wilson equation and NRTL were used to calculate and analyze the activity and activity coefficients of In–Sn, In–Bi, Sn–Bi and In–Sn–Bi alloy elements, respectively, and the results showed that M-MIVM had the highest prediction accuracy. The vapor-liquid equilibrium (VLE) data of the In–Sn, In–Bi, Sn–Bi, and In–Sn–Bi alloys were predicted, and the corresponding VLE phase diagrams were plotted based on the M-MIVM and VLE theory. The predicted VLE values were in good agreement with the corresponding experimental data determined in this study, indicating that the M-MIVM was reliable for indium-based alloys. The results of this work provided reliable experimental data and a thermodynamic model for the VLE study of In-based alloys, opening a new technique for the clean and efficient recycling of binary and multicomponent In-based alloys.
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