PGM: weighed down by the economic downturn

Focus

One of the 14 shafts at Impala Platinum’s South African operation

Publishing Date: 29 May 2009 10:15am GMT
Issue/Supplement: 29/05/09
Author: Rohit Savant

The economic recession that gripped the world during the latter half of 2008 had a devastating impact on the three major platinum group metals (PGM) – platinum, palladium and rhodium. Demand for these metals is linked to the auto catalyst sector, where the metals are used for their catalytic properties to convert harmful tailpipe emissions into less harmful gases.

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