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Heraeus

Precious Metals and Freudenberg e-Power Systems are joining forces in the field of CCMs, a pivotal component of fuel cells, through a cutting-edge technology partnership.

The exact usage rates are little-reported, but according to our research on the topic one year ago, the old 9 milligrams per Watt (mg/W) for Mono PERC, 22 mg/W heterojunction, and 13 mg/W TOPCon had each fallen by one-third in leading research efforts, meaning the industry could operate as low as 10 mg/W today if silver became expensive enough to justify the outlay of more efficient processes ...

Silver continues to see firm resistance at $34 an ounce; however, one analyst said that the precious metal’s time will come, and it could be later this year.

“The market fundamentals of supply and demand suggest upside to the current PGM basket price,” CEO Craig Miller highlighted about a group of precious metals that touch lives globally in the form of platinum, palladium, rhodium, iridium and ruthenium.

The newly developed catalyst features a ruthenium (Ru)-based nanocluster with a core-shell structure. Despite using only a minimal amount of precious metal, it delivers world-class performance and exceptional stability. Moreover, when applied to industrial-scale water electrolysis equipment, it demonstrated remarkable efficiency, highlighting its potential for commercial applications.

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).