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Platinum Group Metals

Platinum group metals (PGMs) are a family of six metallic elements clustered together in the periodic table, comprising platinum, palladium, rhodium, ruthenium, iridium and osmium. These metals share similar physical and chemical properties, including high melting points, exceptional resistance to corrosion and oxidation, and catalytic capabilities that make them indispensable in industrial applications. PGMs are among the rarest elements in the Earth's crust, with global production concentrated in a handful of regions, most notably South Africa's Bushveld Complex, which holds approximately 75% of the world's known reserves, and Russia's Norilsk-Talnakh deposits. The automotive sector accounts for the largest share of PGM demand, where platinum, palladium and rhodium are essential components of catalytic converters that reduce harmful emissions from internal combustion engines. Beyond automotive applications, PGMs are critical in petroleum refining, chemical manufacturing, electronics, medical devices, jewellery and hydrogen fuel cell technology. Platinum and palladium are also traded as investment commodities on major exchanges, with prices subject to significant volatility driven by supply constraints, automotive demand cycles and shifts in environmental regulation. The mining and processing of PGMs is capital-intensive and technically complex, typically involving deep underground operations and energy-intensive smelting and refining processes. South Africa's dominance in PGM production has made the sector a cornerstone of the country's mining economy, though operational challenges including labour unrest, electricity supply constraints and declining ore grades have periodically disrupted output. The transition to electric vehicles poses both risks and opportunities for the PGM industry, potentially reducing autocatalyst demand while opening new markets in hydrogen fuel cells and battery technologies. Recycling of PGMs from spent catalytic converters and electronic waste has become an increasingly important secondary source of supply, helping to mitigate supply risks and reduce environmental impact.

Platinum Group Metals News


SFA (Oxford) CEO Henk de Hoop.
Platinum investment demand broadening to minor PGM metals, SFA (Oxford) points out
3rd June 2026 By: Martin Creamer

The strong ongoing investment demand for platinum is broadening to the minor platinum group metals (PGMs) such as ruthenium and iridium, SFA (Oxford) CEO Henk de Hoop pointed out on Wednesday June... 


PyroFuZA can restore South Africa’s value-adding power.
South Africa can become strong value-add minerals player again, PyroFuZA points out
2nd June 2026 By: Martin Creamer

Look out for PyroFuZA. Those eight letters have the potential to make best use of South Africa’s natural resources and restore South Africa’s value-adding power, which, in turn, can help to foot... 


Platinum crucibles.
Platinum’s the gift that just keeps on giving as global value-chain prospects resurface
25th May 2026 By: Martin Creamer

Platinum‑based equipment is critical for producing large, flawless crystals for electronics and optics applications, says the World Platinum Investment Council (WPIC) in its 60 Seconds feature.... 


EXTENDING REACH Through an extensive range of education and training initiatives, Impala Platinum Holdings is changing outcomes for mine personnel at all levels, as well as host communities and entrepreneurs
Platinum major refines education, training programmes
22nd May 2026 By: Trent Roebeck

Through an extensive range of education and training initiatives designed to improve mine efficiency, community and economic development, in addition to providing career opportunities for youth,... 


African Rainbow Minerals CEO Phillip Tobias.
Hydrogen mobility, platinum group metals highlighted in North West
22nd May 2026 By: Martin Creamer

Hydrogen mobility and platinum group metals (PGMs) have been highlighted at North-West University (NWU) by the handing over of the mobile hydrogen refuelling and hydrogen generation system to... 


Magazine Cover Image
Inside Tharisa’s life-extending transition from openpit to underground mining
22nd May 2026 By: Natasha Odendaal

On March 31, 2026, just after 14:00, the detonation of 650 kg of explosives broke through the first rocks to enable access to underground resources at the Tharisa mine, located on the western limb... 


AFC product image
AFC secures global contracts as furnace innovations gain traction
22nd May 2026

South African-based engineering firm Allied Furnace Consultants (AFC) was awarded the supply of two identical 80-t transfer cars for the Sakura smelter based in Sarawak, in Malaysia, in 2025. These... 


Magazine Cover Image
Inside Tharisa’s life-extending transition from openpit to underground mining
22nd May 2026 By: Natasha Odendaal

On March 31, 2026, just after 14:00, the detonation of 650 kg of explosives broke through the first rocks to enable access to underground resources at the Tharisa mine, located on the western limb... 


Valterra Platinum CEO Craig Miller
Valterra Platinum says input inventories are healthy despite Middle East conflict
19th May 2026 By: Reuters

South Africa's Valterra Platinum has managed to maintain healthy inventory levels of critical operational inputs, such as diesel and lubricants, despite uncertainty created by the US-Israeli war on... 


Middle East conflict, regionalisation of markets contribute to shift in PGM sourcing, trade
Middle East conflict, regionalisation of markets contribute to shift in PGM sourcing, trade
18th May 2026 By: Sabrina Jardim

The risk of a protracted US-Iran conflict, the accelerating regionalisation of PGM markets, alongside the launch of platinum and palladium futures on China’s Guangzhou Futures Exchange, represents... 


World Platinum Investment Council Director of Research Edward Sterck.
Investment demand for platinum still extremely strong
18th May 2026 By: Martin Creamer

Investment demand for platinum remains extremely strong, with market fundamentals continuing to support platinum as a compelling investment. Market tightness suggests that there is insufficient... 


At Eastplats' Crocodile River mine.
Positive operating income heartens challenged Eastplats
15th May 2026 By: Martin Creamer

Positive first-quarter mine operating income has heartened South African platinum group metals (PGM) and chrome mining company Eastplats, which reported on Friday, May 15 that it will continue to... 


Location map of the Bengwenyama project
Bengwenyama platinum group metals project, South Africa – update
15th May 2026 By: Sheila Barradas

Southern Palladium has advanced definitive feasibility study drilling, metallurgical optimisation and mine design work. 


Stockpiles at the Tharisa mine
Tharisa PGMs underground project, South Africa – update
15th May 2026 By: Sheila Barradas

Tharisa Minerals had concluded a five-year contract with Cementation Africa for underground mining development and construction works at the Tharisa mine. 


The Tharisa mine
Tharisa to report higher interim EPS, HEPS
14th May 2026 By: Creamer Media Reporter

Integrated resources group Tharisa expects to post a 512% to 532% year-on-year increase in earnings per share (EPS) at between $0.153 and $0.158 for the six months to March 31. That compares with... 


Employees work in an underground PGM mine in South Africa
Platinum to remain in deficit this year, while palladium, rhodium may record surpluses – Johnson Matthey
14th May 2026 By: Chanel de Bruyn

Sustainable technologies group Johnson Matthey notes in its latest 'PGM Market Report' that platinum demand will exceed supply again this year on the back of firm industrial use and constrained... 


Photo of Martin Creamer
On-The-Air (08/05/2026)
8th May 2026 By: Martin Creamer

Martin Creamer talks about hydrogen’s growing role in energy storage, a new refuelling station at North-West University, and the need to lower manganese rail costs. 


Hydrogen uptake, Sibanye-Stillwater’s earnings upsurge make headlines
Hydrogen uptake, Sibanye-Stillwater’s earnings upsurge make headlines
8th May 2026

Mining Weekly Editor Martin Creamer discusses hydrogen mobility and platinum group metals being significant highlights for North-West University recently; China trailblazing in hydrogen with its... 


Sibanye-Stillwater CEO Dr Richard Stewart.
Sibanye-Stillwater highlights good safety performance amid 371% earnings upsurge
6th May 2026 By: Martin Creamer

Operational consistency, focused cost control and materially higher first-quarter earnings have strengthened the financial position of Sibanye-Stillwater. In an operating update for the three... 


Sibanye-Stillwater CEO Richard Stewart
Heraeus, Sibanye-Stillwater target new uses for palladium in glass fibre production
1st May 2026 By: Lumkile Nkomfe

Precious metals and technology company Heraeus Precious Metals and mining and metals processing group Sibanye-Stillwater have partnered on a joint research and development project aimed at... 


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pqt: 0.189s - ct: 0.663s - 277pq - 2rq
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