Asset Classes

PGM
Platinum Group Metals

Platinum Group Metals are precious metals that are commonly used in industry.

More About Platinum Group Metal

  • PGMs is an acronym for Platinum Group Metals
  • Elements that are part of this group include:
    • Platinum (Pt)
    • Palladium (Pd)
    • Rhodium (Rh)
    • Iridium
    • Osmium
    • Ruthenium
  • Extremely rare but have broad uses

Platinum Group Metal Industrial Uses
  • PGMs are extensively used in industry - especially the auto industry
    • Often used in the catalytic converter of an internal combustion vehicle exhaust system
    • Almost all cars in the world have one

Platinum Group Metal Mining
  • 80% of mined supply comes from Russian and South Africa (2018)
  • PGMs are commonly mined alongside nickel - they are a biproduct
  • You will not really find a dedicated platinum or palladium mine
  • Not all nickel mines are rich in PGMs, but all PGMs are related to nickel mining