Following a protracted period of weak prices, platinum group metals (PGMs) stand poised to benefit from a resurgence in medium term demand as the world transitions to a low-carbon future gathers further momentum.
A major component in global plans to reduce greenhouse gas emissions entails transitioning away from pollution-emitting combustion engines to greener alternatives that utilise electric or hydrogen fuel cell technologies.
“The major PGM metals, mainly platinum, rhodium and palladium, are key components in the catalytic convertors that vehicle manufacturers use to reduce or neutralise harmful pollutants from exhaust emissions,” explains Nkateko Mathonsi, Resources Analyst and Deputy Head of Research at