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PGM Price Movement Snapshot – Jan 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: :

Platinum – Platinum climbed to and maintained a price over $1000/Toz in January. Rising tensions in Europe have lifted a number of commodity prices including Platinum and the increased strength of the Rand (ZAR) against the Dollar (USD) have supported the price.

Iridium – The iridium price has largely continued to reduce as supply normalises. The price is still very high against historical pricing but has reduced from the highs seen in spring 2021. The wide spread on tradable prices had been reducing but over the last few weeks has started to diverge again.

Ruthenium - Likewise Ruthenium saw a slight reduction in price as supply recovered but is still high against historical pricing.

Charts are provided courtesy of


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