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JOHANNESBURG (miningweekly.com) – A wide range of industries, which require considerable production volumes that platinum group metals (PGMs) can help to provide, are being developed and ramped up, such as in the production of ammonia, methanol or e-fuels, says SFA Oxford CEO Henk de Hoop.

The electric age may be on the horizon, but for one reason or another people are not getting rid of their combustion-engined vehicles just yet, according to a new study from S&P reported on by Reuters. Now, the average age of cars and light trucks in the U.S. sits at an all time high: 12.5 years.

For light-duty vehicles – From 2027 to 2032, 45% reduction in CO2 emissions, 60% reduction in NMOG + NOx, and PM limit reduced to GPF-enforcing 0.5 mg/mi.

The GOLD PRICE slipped to new 2-week lows in London trade Wednesday, extending yesterday's steep drop through $2000 per Troy ounce after strong US economic data and comments from Fed policymakers saw the market consensus on interest-rate cuts start to retreat.

A previously anticipated platinum shortage will be worse than expected this year thanks to increased demand, particularly from the industrial sector, according to the World Platinum Investment Council.

COPPER cable theft accounted for more platinum group metal (PGM) production losses than power curtailment in Sibanye-Stillwater’s first quarter, it said today.

Demand for platinum is increasing because of investment demand, a recovery in automotive sales and further tightening of emission standards.

My Q1 2023 quarterly report on precious metals on Barchart highlighted the 5.97% decline in 2022 and the 18.35% drop over the first three months of 2023. Nearby NYMEX palladium futures fell to a $1,336 per ounce low in March 2023 after rising to a $3,380.50 high in March 2022. The move to the record peak came after Russia invaded Ukraine, igniting supply concerns.

Gold prices rose on Tuesday, buoyed by economic uncertainties including the U.S. debt ceiling stand-off as traders braced for inflation readings that could influence the Federal Reserve’s interest rate strategy.

Gold is closing in on an all-time high as resurgent Chinese demand and fears over the health of regional US banks have added further fuel to the six-month rally in the precious metal.