PGM Price Movement Snapshot - June 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 - 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/