Palladium’s Future: Will Oversupply Lead to Lower Prices? | Jonathan Butler

Palladium’s Future: Will Oversupply Lead to Lower Prices? | Jonathan Butler

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.

Platinum Group Metals advances its Waterberg PGM Project in South Africa

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. Green Rush is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

Recyclers are hanging onto PGMs, hoping for higher prices in the future - Tanaka's Andrew Farry

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."

Gold between $2,700 to $3,000 - WGC's Joe Cavatoni says a lot of the market expects metal to rise

Gold is well supported with a number of factors supporting the metal, said Joe Cavatoni, senior market strategist for the Americas, World Gold Council.  Last week Cavatoni recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.    Geopolitical concerns and strong central bank buying are some of the factors supporting gold.  "You've got all the key elements of what's making up a really, really amazing picture for the gold market," said Cavatoni. "Central bank buying is pretty amazing, and it's pretty fundamental."  Jewelry demand is currently under pressure due to high prices. The technology sector's demand is growing but still relatively small. Cavatoni said the WGC doesn't forecast gold prices, but he is seeing a lot of market expectations for $2,700 to $3,000 gold.  "We see a very strong case to support those estimates in terms of the overall trajectory of the gold market." Green Rush is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

Silver recycling is coming - Silver Institutes' Michael DiRienzo

Silver recycling will go up as the metal's price rises said Michael DiRienzo, president and CEO of The Silver Institute. This week DiRenzo recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.    DiRenzo discussed the outlook for silver in the context of the current market and the growing industrial demand. He highlighted silver's increasing role as an industrial metal, especially in photovoltaics and electronics.  DiRenzo believes that silver's price will rise due to this growing demand and that it has a lot more room to run. He also points out that silver's price is likely to be boosted by potential Fed rate cuts. While acknowledging that silver recycling rates are currently low, he believes that with higher prices, recycling will become more economically viable and contribute to meeting the growing demand.