PGM Price Movement Snapshot - June 20

July 1, 2020

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 - Platinum price crashed back in Feb/Mar from >$1000/Toz to lows of of around $620/Toz.  Since this time it has climbed slightly to around $800/Toz.  Last month however saw a slight decrease overall in price.  Platinum prices tend to fluctuate more than the other PGM's due to its use in jewellery.

 

Iridium - Iridium tends to have a much more stable price as it is used only in industrial applications.  There has been a upswing in the price in recent months from $1480/Toz to $1640/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/

 

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Ceimig Ltd

Units 1-3, Smeaton Road
Wester Gourdie Industrial Estate 
Dundee, DD2 4UT

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