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PGM Price Movement Snapshot – Mar 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 >$1150/Toz in early March as a response to the invasion of Ukraine but could not sustain this price and quickly fell back to <$1000/Toz.

Iridium –The outbreak of war in Europe shocked the market in late February 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. Pricing has stabilised for the moment around $5100-$5700/Toz

Ruthenium - Ruthenium prices increased along with the other PGM's.

Charts are provided courtesy of


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