Platinum Group Metals Circularity and Recycling Insights

This document is a white paper that outlines the critical role of platinum group metals (PGMs) in modern technologies and their significance in the energy transition. It details the high recycling rates of PGMs, which exceed 95% in some applications, and emphasizes the importance of circularity in ensuring sustainable metal availability. The paper discusses the various applications of PGMs, including their use in automotive catalysts, healthcare devices, and electronic components, highlighting their integral role in reducing pollution and enabling clean energy solutions. Furthermore, it presents an analysis of open and closed loop recycling, revealing that closed loop recycling is significantly larger than previously recognized. The document also provides recommendations for policymakers aimed at enhancing PGM recycling and fostering a circular economy, including the need for industry-led regulatory frameworks and international collaborations. It stresses that effective recycling operations require consistent material volumes and that circularity should be recognized as a crucial component of industrial strategies.