COVID-19 Impact on PGMs Part II💥POSTED ON 25 May 2020 by Alice
Just 2 months ago we penned our first article about the impact of the novel coronavirus, COVID-19 on Platinum Group Metals. As well as the tragic loss of life, the spread of the virus continues to disrupt economies across the globe, resulting in unemployment, business closures, and market volatility. Certainly, much has already changed in the space of 2 months… Demand Back in March, we noted significant falls in the prices of palladium and platinum caused primarily by m ...
COVID-19 Impact on PGMs 💥POSTED ON 18 March 2020 by Alice
Now declared a pandemic by the World Health Organization (WHO), the novel coronavirus COVID-19 is now spreading dangerously across the globe. Apart from the tragic loss of life, it is inflicting, it is already having a major impact on financial markets and on the economies of many countries. In this article, we take a look at its impact on the Platinum Group Metals - platinum, palladium, and rhodium. The Early Days… As more and more measures are bei ...
Rhodium - PGM’s Cinderella 🎉POSTED ON 13 February 2020 by Alice
In all the recent furors over the relative prices of platinum and palladium, and what this means for the manufacturers of catalytic converters, the third, member of the “catalyst club” is often overlooked. Rhodium, one of the rarest metals on earth and the third PGM used as a catalyst in the automobile industry plays a prime role in reducing nitrogen oxide, a major pollutant in the exhaust gas. However, it is used in much smaller quantities than platinum and palladium - around 1 million ounces p ...
A Palladium Explosion! 💥POSTED ON 7 February 2020 by Alice
In a recent article, we spoke about the potential substitution of palladium for platinum in catalytic converters due to the rising price of the former. Well, even we have been taken aback by recent market price fluctuations… In just a few short weeks since the start of 2020, palladium’s price has rocketed by more than 22%, making it 80% more expensive year on year. Indeed, since the start of 2016, the price has risen from $450/oz to more than $2,300/oz - an increase of well over 400 ...
Platinum for Palladium - To Switch or Not to Switch🔁POSTED ON 30 January 2020 by Alice
Just 4 months ago, we published the article “The Future for Palladium”, in which we discussed some of the reasons behind the metal’s burgeoning demand and rising price. Since then, palladium’s price has continued to rocket, with forecasts suggesting that “palladium’s extraordinary rally has the potential for prices to go on and test $3,000 an ounce” according to Goldman Sachs Group. On top of this, there is now a considerable debate over its growing price diffe ...
Knowing Your Suppliers of Catalytic Converter 🧐POSTED ON 8 January 2020 by Alice
As part of the fight against corruption, fraud, money laundering, and illegal activities (including, for example, terrorism), many countries have introduced legislation known as “Know Your Customer” (KYC). In America, for example, the Financial Crimes Enforcement Network proposed to Know Your Customer (KYC) requirements in 2014, and this became law in 2016. This outlines the steps that a business must carry out to verify the identity of customers either before or during ...
Maximizing Profitability from Catalytic Converter Recycling♻️POSTED ON 28 November 2019 by Alice
The catalytic converter recycling process consists of a number of stages and it stands to reason that the more you do yourself the greater the profitability. De-can, mill, smelt, and extract or refine the platinum, palladium, and rhodium out of the catalyst and the full value is yours! Of course, for the majority of catalyst suppliers, often small operations such as salvage yard owners, junkyard owners, tow truck companies, and diesel repair shops, this is not fe ...
E-waste Recycling - The New Opportunity 💻POSTED ON 11 November 2019 by Alice
The rapid expansion of technology, linked to a consumer-driven society, has created explosive growth in the electronics industry. In turn, this has led to a rapidly escalating issue of end-of-life electronics or e-waste. By 2021, 50 million tonnes of e-waste - obsolete computers, laptops, monitors, keyboards, copiers, VCRs, fax machines, cell phones, printers, scanners, hard drives, stereo equipment, cables and cords, shredders, microwaves, and more - are likely ...
Hazardous Waste Exporting - A Move in the Right Direction ☢️POSTED ON 23 October 2019 by Alice
Our planet is increasingly being choked by the waste products of development and, many industrialized nations have been attempting to overcome the lack of local waste depositary sites, internal environmental pressures, and high cost of disposal by searching out dumping sites outside their own national boundaries. Such has become the problem that non-governmental organizations have estimated that over 8.5 million tons of waste are transported and traded annually.   ...
A Concise of PGM History 🌟POSTED ON 10 October 2019 by Alice
In the catalytic converter industry, we talk a lot about Platinum Group Metals - after all, for many of us, they are our livelihoods! We felt therefore, it was about time to write a history of these noble precious metals… There are in total 6 Platinum Group Metals - platinum, palladium, rhodium, ruthenium, osmium, and iridium. They are grouped together because they share similar physical and chemical properties and tend to occur together in the same mineral depos ...
You will find here some articles related to the catalytic converter recycling business and the PGM market news.
- 33 Auto catalyst
- 8 Automotive industry
- 2 Europe
- 11 Platinum Group Metals
- 3 Platinum
- 4 Palladium
- 4 Rhodium
- 5 Regulations
- 2 News