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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 ...

~40%! That’s the kind of returns Silver has delivered this year. Silver’s demand has outstripped its supply for the past 4 consecutive years. Its industrial applications continue to rise across the industries of tomorrow. As such, the rise in prices is driven by more than just a need to diversify - but fundamental reasons that can support prices. It's therefore no surprise, that market experts ...

Gold pared gains after reaching a fresh record high amid tensions in the Middle East and the approaching US presidential election.
Silver advanced as much as 1.7% on Monday to the highest since 2012 before surrendering those gains.

A potential supply crunch is creating new momentum in palladium as prices push above $1,150 an ounce, up more than 9% on the day.
According to reports, palladium’s fortunes have turned after the U.S. government asked its Group of Seven allies to consider placing sanctions on Russia’s supply of the precious metal, along with titanium.
Russia is one of the top producers of palladium and titanium ...

The platinum market is facing its largest supply deficit in over a decade, driven by declining mining output, recycling challenges, and robust industrial demand, according to the latest report from the World Platinum Investment Council (WPIC). Despite this massive gap, prices have not reacted as many would expect, leaving investors questioning the factors behind this disconnect. At the time of ...

China, already a dominant player in the automotive industry, is projected to surpass Western Europe as the largest market for heavy-duty autocatalyst platinum this year. Diesel engines, commonly used in heavy-duty applications like trucks and buses, require more platinum-intensive emissions treatment systems compared to gasoline-powered light vehicles. As a result, the Chinese market is expected ...

But a tapering in growth of EV sales, and a surge in demand for hybrid cars that need catalytic converters to curb pollution, have given PGMs a new lease of life that could put a floor under prices and keep some mines open for longer.

Auto Catalyst Recycle

The Senate is currently considering amendments to the proposed "Preventing Auto Recycling Theft Act" (PART Act), which could restrict the recycling of platinum, palladium, and rhodium—three critical precious metals used in catalytic converters to reduce harmful emissions from gasoline and diesel-powered vehicles.

Business

On September 5, 2024, the International Precious Metals Institute (IPMI) and the Recycled Materials Association (ReMA), leading trade organizations in the precious metals recycling sector, formally expressed their opposition to Senate Amendment 2422, part of the proposed National Defense Authorization Act (NDAA) for Fiscal Year 2025. In a letter addressed to key members of the Senate, including ...