Palladium prices rose to a record $2,981.40 on 3 May 2021, 351% greater than the 2000 – 2020 average palladium price of $661.68

And then palladium prices fell 48% to $1,551.60 by 15 December 2021.

Platinum prices broke out of their range between $800 and $1,000 from last 2015 through 2020, rising $1,293.10 on 19 February 2021.

Then platinum prices fell back to $894.20 on 15 December 2021.

Rhodium prices rose 1,299% to $29,500 per ounce in April and May 2021 from a 2000 – 2019 average of $2,109.

Rhodium prices then dropped 62% to $11,250 by 15 September 2021.

It would be an understatement that platinum, palladium, and rhodium prices are volatile at present.

The price volatility across the platinum group metals markets (PGMs) in the past year reflects a confluence of short- and long-term trends and a tremendous uncertainty about current much less future market conditions.

Central to all of this is the advent of electric vehicles (EVs), which pose a threat to the use of platinum, palladium, and rhodium in their major market of catalytic converters to reduce or even eliminate the use of PGMs by the auto industry. CPM’s report explores in detail and outlines a realistic set of projections for long-term trends in automotive propulsion technologies, and the likely impact on PGM demand of any such transition over the next three decades.

In addition to these extremely long-term uncertainties, the whipsaw effects of the global economic lockdown and recession, and the subsequent recovery on supply and demand of these metals in terms of disruptions and then recoveries has added to the overall uncertainties of supply, demand, and price trends.

Compounding the uncertainty has been rising investor concerns about the accuracy of PGM market information in these highly asymmetrical, secretive markets, in which too many market participants rely on information from metal marketing groups.

The analysts at CPM have been providing independent, unbiased estimates of PGM supply and demand since the 1970s. Our statistical work starting with data for 1976 served as the basis for all PGM market research since our landmark 1981 PGM market review. CPM is known for its superior research and analysis into PGM markets. We started PGM research in 1979, publishing the first market review in 1981. We have been on the forefront of developing data and analyses on these markets ever since, publishing the first data on above-ground platinum and palladium inventories long before others followed.

CPM’s Long-Term Outlooks on gold, silver, PGMs, base metals, manganese, molybdenum, tantalum and other specialty metals, and energy commodities are used by many companies and investors with exposure to commodities.

• Corporate Development offices of producers, processors, and industrial users of metals in their long-range planning,
• Institutional investors and family offices in evaluating potential investments, and
• Producers and their engineering contractors and investment banks for Preliminary Economic Analyses, Pre-Feasibility and Bankable Feasibility Studies, Offering Memoranda, Prospecti, and regulator filings.

Platinum Group Metals Projections To 2050
Report US$9,500
Report and data in Excel format: $15,000
Report with quarterly updates: $22,500
This report may be wrapped into an Independent Market Consulting program.
Discounts on packages that include CPM Group research and consulting services are available.

Contact CPM Group for more information.

            Jeffrey M. Christian                212-785-8321              jchristian@cpmgroup.com

            Elliot Kalson                           646-884-8105              ekalson@cpmgroup.com