PGM Price Movement Snapshot – Feb 22
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. Metal prices can now be tracked on our home page: www.ceimig.co.uk :
Platinum – Platinum has ben trading between $1000 & $1100/Toz in February but looks likely to climb further in the coming weeks. The rising tensions in Europe through January & February had lifted a number of commodity prices including Platinum and now the outbreak of war between Russia & Ukraine is sending further shockwaves and instability to the market.
Iridium – The iridium price had largely continued to reduce as supply normalised through February. The outbreak of war in Europe however has shocked the market and either through stockpiling or speculation the iridium price has started to increase again. The published prices are beginning to show a much wider spread and trade prices are often higher than these reference values. The market is tightening and sourcing is more challenging in this environment.
Ruthenium - Ruthenium saw a slight reduction in price through February but as we enter March we are seeing prices increase along with the other PGM's.
Charts are provided courtesy of https://www.dailymetalprice.com/