PGM Price Movement Snapshot – Oct 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 rallied slightly last month to over $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 and continues to slowly fall.
Ruthenium - Likewise Ruthenium saw a slight reduction in price as supply recovered but is still high against historical pricing.