PGM Price Movement Snapshot – Aug 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 – Platinum pricing has been relatively stable over the last month hovering around $1000/Toz. The reduction in price seen over the last few months is largely down to over supply as production continues to recover.
Iridium – The iridium price has continued to reduce as supply normalises. The price is still extremely high against historical pricing but has reduced from the highs seen in spring.
Ruthenium - Likewise Ruthenium saw a slight reduction in price as supply recovered but is still high against historical pricing.