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Gold investors will be celebrating this weekend as the precious metal prepares to end the week close to its new milestone record high above $3,000 an ounce.

Palladium remains inexpensive compared to gold and silver at below the $1,000 per ounce level. Accumulating palladium at the current price and lower could be optimal, as the odds favor higher prices over the coming months and years.

Rhodium prices have leapt to their highest in 20 months, as buying interest from Amplats coincided with strong demand and lower first-quarter output in South Africa, two sources familiar with the matter said.

PEM (Proton Exchange Membrane) and now PTE (Porous Transport Electrodes) are a reflection of PGM (Platinum Group Metals) and green hydrogen good fortune, with PTE following an earlier ruthenium breakthrough to ensure supply at an acceptable price of iridium, which, in turn, assures the generation of affordable green hydrogen. Further good news for South Africa arises when fuel cells, which also ...

Elemental Group

Elemental Econrg India Private Ltd. aims to process 130 tons of material at the new facility in 2025, with a plan to increase volume.

Platinum vs Palladium

“A rise in platinum-for-palladium substitution has contributed to a convergence in platinum and palladium prices since 2021,” said Amajuri. “While we expect both prices to remain close to each other over our forecast horizon, we suspect that platinum will outperform.”

In terms of metals demand, Heraeus projected a 7% YoiY decline in Western European palladium autocatalyst demand in 2025, falling below 1 Moz for the first time since 2009 owing to expectations of strong BEV sales.
However, if BEVs underperform this year and hybrids gain traction, the company noted that the decline in palladium demand could be smaller than anticipated.

UK-based chemicals technology company JM has slashed spending on its green hydrogen business by a whopping 83% in an effort to minimise losses and placate its largest shareholder — which had previously urged it to consider selling off the unit altogether.

Tanaka Precious Metals

TANAKA, has announced the development of the AgSn TLP sheet, a sheet-type bonding material designed for die attachment in the manufacturing of power semiconductor packages. Additionally, the AgSn TLP sheet is anticipated to serve as an alternative to thermal interface materials*1 (TIMs) for large-area bonding in heat sinks, further expanding its potential applications.

Key Factors Impacting Palladium in 2025: 1. Automotive Industry Transformation and 2. Policy and Geopolitical Factors

Haitian Water Group & Heraeus

China’s Haitian Water Group, which is branching into the solar sector, will pay German tech giant Heraeus CNY502 million (USD68.8 million) in cash for its solar silver paste operations and factories in China and Singapore, which produce a key raw material that forms the metal electrodes in photovoltaic cells.

Gold

Gold is heading for one of its biggest annual gains this century, with a 27% advance that’s been fueled by US monetary easing, sustained geopolitical risks, and a wave of purchases by central banks.

Gold Gold Gold

Many analysts expect gold prices to hit $3,000 an ounce next year, but the rally is not expected to materialize until the second half of 2025. At the same time, with prices consolidating around $2,650 an ounce, next year's target would represent roughly a 13% gain compared to this year's nearly 30% rally.

Logos

Sibanye-Stillwater said it entered into a $500 million agreement with mining royalty company Franco-Nevada for the long-term supply of gold and platinum from three of its mines in South Africa.

Silver

Silver could outperform gold again next year, spot price forecast to hit $40/oz in 2025 – Heraeus

PGM's

PGMs are crucial for hydrogen-energy-enabled decarbonisation, especially when employed in proton exchange membrane (PEM) technology used in electrolysers and fuel cells, reports London-based global authority on platinum investment, the World Platinum Investment Council (WPIC).

Silver

In his latest note, Carsten Fritsch, a precious metals analyst at Commerzbank, said he remains bullish on silver for 2025, as the metal looks to end the current year in lockstep with gold. The current gold/silver ratio is trading around 85 points, roughly where it started the year, even as prices have risen 30% in 2024.

New platinum-nickel core-shell catalyst shows stability for oxygen reduction reactions

New platinum-nickel core-shell catalyst shows stability for oxygen reduction reactions
"We can enhance the performance of platinum by tuning its surface structure, which helps it react more efficiently," says Di Zhang, a specially appointed assistant professor at Tohoku University's Advanced Institute for Materials Research (WPI-AIMR).

The average grain size of a typical bulk metal is about 10 μm at the smallest. In this new technology, the average crystal grain size can be controlled in the nano scale. As a result, the developed pure platinum, with 99.9% or higher purity, has 10 times the hardness and 4 times the strength of typical platinum materials.

Silver

The Silver Institute and Metals Focus says global silver demand in 2024 will largely grow due to gains from green economy applications, especially the PV sector. It expects the global silver market to show a physical deficit of around 182 million ounces in 2024, marking the fourth consecutive year of shortfall.

A research team of the Korea Institute of Science and Technology (KIST) has successfully developed a high-efficiency water electrolysis catalyst that significantly reduces the amount of iridium used to one-twentieth of that in commercial catalysts. This innovation addresses a major hurdle in the global scale-up of water electrolysis facilities, where the high price of iridium catalysts has been a ...