Host of Green Rush, Matt Watson, delves into the volatile world of palladium with Jonathan Butler, Head of Business Development at Mitsubishi Corporation International (Europe). They discuss recent price swings, the impact of global sanctions on the palladium market, the role of recycling, and the future of auto catalyst technologies. Get insights into how political changes and the introduction of new applications might shape the palladium industry.

Securing concentrate offtake agreements is the next major step for Platinum Group Metals Ltd., said Frank Hallam, the company's director, president, and CEO.

Last week, Hallam recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.

Platinum Group Metals Ltd. (TSX: PTM) is the majority owner and operator of the Waterberg PGM Project in South Africa. The company is headquartered in Vancouver, British Columbia. An updated feasibility study on the project was published in September 2024. Discovered in 2011, approximately $89 million has been invested in the project.

A critical next step for the project is securing concentrate offtake agreements, either within South Africa or with potential partners in Saudi Arabia, which is positioning itself as a global mineral processing hub. Hallam emphasized that while the project is still a few years away from full production, it marks a significant shift in South Africa’s PGM mining landscape, with the northern limb likely to become the future focus of the industry.

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The transition to electric vehicles and the hydrogen economy presents new opportunities for PGM recycling, said Andrew Farry, senior manager of precious metal refining at Tanaka Precious Metals.

Last week Farry recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.

Tanaka Precious Metals is one of the five major precious metals processors globally. The company has a significant presence in the industrial precious metals market, with 70% of its revenue coming from industrial products.

While transition to electric vehicles and the hydrogen economy presents new opportunities for PGM recycling, challenges remain in terms of technology and the development of an efficient collection ecosystem.

Farray noted that the many of the platinum group metals are depressed due to energy transition and drop-off in catalytic converter demand. Recyclers are hanging onto PGMs, hoping for higher prices in the future

"There's quite a bit of hoarding going on, " said Farry. "Industry participants that can just put the converters aside say: 'I'll wait for a rainy day, and that's my retirement fund."