PGM Price Movement Snapshot - July 20
As a precious metal chemistry specialist, we are in touch with banks & trade houses and are constantly monitoring the fluctuating metals market. The recent Covid-19 situation has thrown the market into some turmoil.
Metal prices can now be tracked on our home page: www.ceimig.co.uk
In order to assist our customers, such as PEM electrolyser manufacturers, PEM Fuel Cell manufacturers and sensor manufacturers, we have put together the below information so you can have a snapshot of the trend in the market over the last month and the last 3 months:
Platinum – There has recently been a rush on precious metals due to uncertainty in the investment market. This has greatly affected the price of gold and silver over the last month. Platinum, whilst less affected, has also seen an upswing in price in July with an increase of around $100/Toz.
Iridium - Iridium tends to have a much more stable price as it is used only in industrial applications. There has been an upswing in the price in recent months from $1480/Toz to $1645/Toz. This is due to mines being affected by Covid-19 restrictions
Ruthenium - Likewise for Ruthenium, the relatively stable price has seen a slight increase from $250/Toz to $270/Toz
Charts are provided courtesy of https://www.dailymetalprice.com/