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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.

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.

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 ...

“It’s a confluence of things but the market is very illiquid so our production cut at Stillwater is significant,” said James Wellsted, head of corporate affairs at Sibanye-Stillwater.
“There’s an element of Stillwater in this,” said Arnold van Graan, an analyst at Nedbank Securities. “We said previously that to be bullish on the palladium market you would need catalysts including selling more ...

Aschaffenburg, September 6th, 2024 – Hensel Recycling GmbH, an expert in the recycling of end-of-life PGM materials and Mastermelt Ltd, a leader in the refining of complex PGM materials are pleased to announce a strategic collaboration aimed at advancing the recycling and processing of PGM-based fuel cell and electrolyser materials in Europe.

“It is highly improbable we will see new investment in new prospects especially if they don’t have processing capacity. New projects are highly improbable,” he said.
Dunne said a base seemed to have formed at around R33,000 per ounce for the metals the firm produced. While now stable, he said his price level would have “significant consequences for the world’s PGM industry.” He leavened his ...