Governments across the globe have made commitments to reduce carbon emissions, slowing the trajectory of global warming and the risks it poses. The decarbonisation process will have a significant impact on commodities, creating potential winners and losers. The outcome for Platinum Group Metals (PGMs), however, is less easily defined. In the near-term legislation to reduce car emissions has fueled demand for PGM metals driving the basket price to all-time highs. On the other hand, the same trend is leading to an accelerated adoption of battery electric vehicles (BEVs) posing potential terminal risks to autocatalytic demand.
At a webinar hosted on Friday, 28 May, we were joined by Nico Muller, CEO of Impala Platinum; Steve Phiri, CEO of Royal Bafokeng Platinum; and Bernhard Fuchs, Senior Vice President at Umicore, in discussion with Unathi Loos, Portfolio Manager. Their discussion covered both the near-term and mid-term fundamental market dynamics for PGMs, the long-term opportunities and risks facing the metals and what possible pathways exist for PGMs to play an integral role in the evolution towards a green global economy.
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Deputy Managing Director, Africa Client Group