A Hopeful Future

A hopeful future for PGMs

As the world moves towards greener technologies, the future looks bright for PGMs. They’re a key component of catalytic converters reducing emissions from internal combustion engines, although we may see the phasing out of those engines as electric vehicles become standard. Nevertheless, several developing technologies should see demand for PGMs continue to grow for many years – these metals are already essential to hydrogen fuel cells, lithium batteries, low-loss computing and food technology.

The market ups and downs that the platinum price has seen during the Covid-19 pandemic are to be expected, but they’re also an important reminder that it’s safer to treat stock market investing as a long-term strategy, backed by expert advice. ‘Playing the markets’ on your own is effectively gambling and may lead to severe losses.