Roskill - Expanding The World's Knowledge of Metals and Minerals Markets
Table of Contents
- 1. Summary
- 2. Properties
- 3. World pgm production and supply data
- 4. Exploration
- 5. World consumption of pgm
- 6. Uses of pgm
- 7. Analysis of international trade data for pgm
- 8. Marketing and prices of pgm
This is an abridged table of contents. Click here for the full table of contents.
Platinum Group Metals
Autocatalysts continue to drive demand for platinum and palladium
The growth, from a very small base in the mid 1990s, of the Chinese markets for platinum and palladium in jewellery and, to a lesser extent, in autocatalysts is probably the most significant feature of the world platinum group metals (PGM) industry in recent years. In 2004, Chinese jewellers purchased some 31t of platinum and 22t of palladium, representing about 45% and 77% respectively of world PGM demand for jewellery, and almost 12% of world PGM demand. Demand for platinum and palladium is expected to grow by about 3%py and 5%py respectively up to 2010. Autocatalysts will continue to drive the market as car production grows in China and India, and emission standards are tightened and enforced. The use of platinum, palladium and rhodium to catalyse the conversion of noxious exhaust emissions from petrol and diesel driven vehicles is currently by far the largest use for platinum group metals. In Europe, where Stage IV emissions limits came into force in 2005, demand for platinum autocatalysts has risen sharply as sales of fuel-efficient diesel cars continue to grow in response to higher fuel prices. Carmakers in North America are moving back to palladium catalysts in response to the decline in palladium prices, while new regulations governing emissions from heavy-duty diesel vehicles in Japan caused demand for platinum autocatalysts to rise steeply in both 2003 and 2004. The key trends, issues and developments in the market are analysed in this major new report from Roskill. It provides a clear insight into the industry and its trends, and an authoritative analysis of the prospects for the future.
What the report gives you- Independent, in-depth research and analysis
- Essential market intelligence for successful business planning
- Detailed survey of production in 35 countries
- Up-to-date profiles of over 40 producing companies and exploration projects and their activities, including Anglo American Platinum, Impala Platinum, Lonmin Platinum, Norilsk Nickel and Aquarius
- Forecasts for end-use consumption and world supply and demand
Report highlights
In 2005, 22 mines owned by eight companies were producing platinum group metals as a primary product, 18 of which are in South Africa, while a further three operations in Russia and Canada were producing substantial amounts as a by-product of nickel. Although some 19 platinum group metals projects were being developed or were under consideration in 2005, most were being reassessed because of the strong Rand in South Africa, and political uncertainty in Zimbabwe.
Primary supply of the three principal platinum group metals (platinum, palladium and rhodium) was an estimated 440t in 2004, comprising 45% platinum 50% palladium and 5% rhodium. Supply between 1990 and 2004 increased at an average year-on-year rate of 5.3%.
In 2004, South Africa accounted for 78% of primary platinum supplies, 34% of palladium and 82% of rhodium. Platinum group metals are primary products in South Africa, with output driven mainly by demand for platinum. In contrast, in Russia PGM are produced as by-products of nickel, and output is not sensitive to world demand, with the result being that palladium is stockpiled. The other significant sources of PGM are Canada, the USA and Zimbabwe.
The use of palladium in electrical and electronic applications, once its largest market, has declined sharply since 2000 as a consequence of miniaturisation, and substitution by nickel in layered ceramics. Platinum is being used in increasing volumes to enhance storage capacity density on hard drive disks for computers, digital cameras, mobile phones and other devices.
Buy This Report Now
The Economics of Platinium Group Metals, 7th edition published 31/10/2005
221 pages, 117 tables and 51 figures.
ISBN 0 86214 507 4
Complete report price:
GBP 2100
EUR 3675
USD 4200
plus postage/packing.