PGM Price Movement Snapshot – Apr 21
As a precious metal chemistry specialist, we are in touch with banks & trade houses and are constantly monitoring the fluctuating metals market. Last year, the Covid-19 situation threw 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 – For the last few month the platinum price has hovered around the $1200/Toz mark. Anglo's Phase A converter is back up and running from mid-December and outputs are returning to normal but as economy's start to recover due to vaccine rollout the demand is also increasing.
Iridium – Iridium has continued to climb in price through March & April hitting all time highs. Published prices for the small PGM's are not tradeable unlike with other precious metals such as gold and silver. Actual purchase prices have been reportedly even higher and the spread across the markets is large. The increase in price has slowed over the last 2 months and the spread across the different platforms is being reduced. It is hoped this price increase will be short lived but we will need to see how the market reacts as availability improves. As Iridium is the slowest PGM for conversion it is likely to be around for the next few months.
Ruthenium - The Ruthenium price has also seen a further increase over March & April reaching >$450/Toz by some measures.