PGM Recycling and Circular Economy Insights

This white paper provides an in-depth examination of the role of platinum group metals (PGMs) in promoting a circular economy. It outlines the significant growth in automotive and industrial applications of PGMs over the past 50 years and emphasizes the critical importance of recycling in meeting rising demand. The paper reveals that nearly 60% of PGMs used in new products annually are sourced from recycled materials, highlighting the substantial impact of both open and closed loop recycling. The document discusses the complexities of achieving effective circularity, noting that regulatory approaches must be carefully considered to avoid unintended consequences. It presents recommendations for policymakers, advocating for industry-led frameworks and cautioning against one-size-fits-all regulations. The insights provided aim to inform stakeholders involved in the transition towards a sustainable economy, underscoring the necessity of integrating circularity principles into metal supply chains to ensure future availability and sustainability of critical materials.