PGM Price Movement Snapshot - Nov 20

As a precious metal chemistry specialist, we are in touch with banks & trade houses and are constantly monitoring the fluctuating metals market. The recent Covid-19 situation has thrown 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 – Through November Platinum increased in cost approaching $1000/Toz. This is largely down to Anglo American Platinum closing its Phase B converter plant owing to ongoing water leaks. The Phase A plant is also down for maintenance meaning that production would be curtailed for the rest of the year.

Iridium - Iridium tends to have a much more stable price as it is used only in industrial applications. There price raised slightly in November to $1670/Toz

Ruthenium - Ruthenium price has seen relatively stable at $270/Toz

Charts are provided courtesy of https://www.dailymetalprice.com/