Siegfried Jacob Metallwerke GmbH & Co. KG, part of the Germany-based Jacob Metal Group (JMG), has acquired Auris Noble LLC, an Akron, Ohio-based recycler and refiner of precious and rare earth metals.

Unprecedented market conditions during the third quarter helped drive platinum prices to their highest level in nearly 15 years. And as prices could continue to consolidate at elevated levels in the near term, the market remains well supported through 2026, according to the latest report from the World Platinum Investment Council (WPIC).

A slowing economy is taking its toll on silver’s industrial consumption, with demand expected to fall by 4%; however, demand won’t fall enough to reset the current imbalance in the marketplace.