PGM Market Report and Opportunities

This whitepaper discusses the role of platinum group metals (PGMs) in various applications and their potential for market development. It outlines the unique properties of PGMs that enable them to fulfill critical roles in challenging environments, particularly as the automotive industry shifts away from internal combustion engines. The document highlights the projected decline in ICE vehicle production, which is expected to improve the availability of platinum, palladium, and rhodium, leading to a more favorable pricing environment. Additionally, it emphasizes the established supply chains and processing infrastructure for PGMs, which are continuously being enhanced for efficiency and sustainability. The whitepaper also addresses the importance of circularity in PGM use, detailing how recycling and efficient use of these metals can mitigate supply challenges. Furthermore, it contrasts the PGM supply dynamics with those of other critical metals, which face increasing demand and potential shortages due to the energy transition. Overall, the document presents a comprehensive view of the current and future landscape for PGMs.