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New Report on Recycling of Platinum Group Metals

Reviewed

Apr 15 2014

Global Information Inc. announces the addition of a new market research report "Recycling of Platinum, Palladium and Other Platinum Group Metals: A Global Technology, Industry and Market Analysis" at GIIResearch.com

The platinum group metals (PGMs), platinum, palladium and rhodium, have significant catalytic properties. Additionally, platinum metals possess natural beauty which makes them a valuable jewelry item in many parts of the world. Future demand for PGMs is expected to be heavily influenced by the automobile industry, while jewelry demand for platinum is expected to see significant growth among the key economies of Asia, such as China. Demand for platinum metals in industrial applications is also expected to rise along with the growing global economy.

Rising PGM prices which have occurred in recent decades have led to an increase in the recycling of these metals, which are used in automobile catalytic converters and electronic components. The recycling of PGMs usually starts with scrap refiners that collect scrap material such as waste catalytic converters and electronic parts that contain PGMs to extract the valuable metals. Other refiners usually buy the recovered PGM material to further upgrade the quality of the recycled material.

The demand for recycled platinum metals is expected to continue to increase in the coming years as new technologies which rely on the catalytic properties of PGMs, such as fuel cells, become more widely used the world over.

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