PGM Market
STRONG DEMAND DRIVEN BY GREEN ENERGY TECHNOLOGIES
During early 2021, all the PGM except platinum traded significantly above historical levels, as constrained supplies and an improvement in demand created acute liquidity squeezes.
War in Ukraine has created significant risks to supply given Russia’s position as a main producer.
From July 2021, all Chinese heavy duty diesel trucks were fitted with PGM catalysts.
PGMs are critically needed for green hydrogen technologies.
Palladium markets expecting shortages from 2023.
COMBINED PT, PD, RH AUTOMOTIVE DEMAND
PGMS ARE RATED AS HIGHLY CRITICAL FOR CLEAN HYDROGEN TECHNOLOGIES
