Post COVID-19 Money Laundering Issues ?POSTED ON 24 August 2020 by Alice
For the last few months, Eco Cat news has focused on the impact that coronavirus COVID-19 has had on the supply, demand, and prices of Platinum Group Metals (PGMs). Whilst numerous COVID-19 “hotspots” remain around the globe, lockdown seems to be generally easing now and a semblance of normality is returning to the world of business. source:Post Corona: The Supply of PGMs ? Like most industries, the scrap catalytic converter market has suffered severely since March and its ...
Post Corona: The Supply of PGMs ?POSTED ON 13 July 2020 by Alice
Following our recent article on The Platinum Group Metal demand situation, we now take a look at the current position on the availability of these metals as many countries ease back on their COVID-19 lockdown restrictions. Primary Market (Mining) The mining of PGMs is confined to just a few countries:- As this map shows, COVID-19 has been impacting severely on the availability of mined platinum, with the main supplier, South Af ...
Post Corona : The Demand for PGM?POSTED ON 18 June 2020 by Alice
Even though easing of lockdown restrictions are now underway, The COVID-19 pandemic continues to have a major global impact on lives, on businesses, and economies. The virus is not only a tragic health pandemic but is also causing the steepest, deepest economic contraction in living memory, with collapses in both the supply and demand sides of the economy. So we make no apologies for revisiting the subject for a further look at how it continues to affect the catalytic converter industry There ...
COVID-19 Impact on PGMs Part II?POSTED ON 25 May 2020 by Alice
Just 2 months ago we penned our first article about the impact of the novel coronavirus, COVID-19 on Platinum Group Metals. As well as the tragic loss of life, the spread of the virus continues to disrupt economies across the globe, resulting in unemployment, business closures, and market volatility. Certainly, much has already changed in the space of 2 months… Demand Back in March, we noted significant falls in the prices of palladium and platinum caused primari ...
COVID-19 Impact on PGMs ?POSTED ON 18 March 2020 by Alice
Now declared a pandemic by the World Health Organization (WHO), the novel coronavirus COVID-19 is now spreading dangerously across the globe. Apart from the tragic loss of life, it is inflicting, it is already having a major impact on financial markets and on the economies of many countries. In this article, we take a look at its impact on the Platinum Group Metals - platinum, palladium, and rhodium. The Early Days… As more and more measures ...
Rhodium - PGM’s Cinderella ?POSTED ON 13 February 2020 by Alice
In all the recent furors over the relative prices of platinum and palladium, and what this means for the manufacturers of catalytic converters, the third, member of the “catalyst club” is often overlooked. Rhodium, one of the rarest metals on earth and the third PGM used as a catalyst in the automobile industry plays a prime role in reducing nitrogen oxide, a major pollutant in exhaust gas. However, it is used in much smaller quantities than platinum and palladium - around 1 million ...
A Palladium Explosion!?POSTED ON 7 February 2020 by Alice
In a recent article, we spoke about the potential substitution of palladium for platinum in catalytic converters due to the rising price of the former. Well, even we have been taken aback by recent market price fluctuations… In just a few short weeks since the start of 2020, palladium’s price has rocketed by more than 22%, making it 80% more expensive year on year. Indeed, since the start of 2016, the price has risen from $450/oz to more than $2,300/oz - an increase of ...
Platinum for Palladium - To Switch or Not to Switch??POSTED ON 30 January 2020 by Alice
Just 4 months ago, we published the article “The Future for Palladium”, in which we discussed some of the reasons behind the metal’s burgeoning demand and rising price. Since then, palladium’s price has continued to rocket, with forecasts suggesting that “palladium’s extraordinary rally has the potential for prices to go on and test $3,000 an ounce” according to Goldman Sachs Group. On top of this, there is now a consid ...
Knowing Your Suppliers of Catalytic Converter ?POSTED ON 8 January 2020 by Alice
As part of the fight against corruption, fraud, money laundering, and illegal activities (including, for example, terrorism), many countries have introduced legislation known as “Know Your Customer” (KYC). In America, for example, the Financial Crimes Enforcement Network proposed to Know Your Customer (KYC) requirements in 2014, and this became law in 2016. This outlines the steps that a business must carry out to verify the identity of customers either befor ...
Maximizing Profitability from Catalytic Converter Recycling♻️POSTED ON 28 November 2019 by Alice
The catalytic converter recycling process consists of a number of stages and it stands to reason that the more you do yourself the greater the profitability. De-can, mill, smelt, and extract or refine the platinum, palladium, and rhodium out of the catalyst and the full value is yours! Of course, for the majority of catalyst suppliers, often small operations such as salvage yard owners, junkyard owners, tow truck companies, and diesel repair shops, this is not fe ...
You will find here some articles related to the catalytic converter recycling business and the PGM market news.
- 31 Auto catalyst
- 9 Automotive industry
- 0 America
- 0 Asia Pacific
- 2 Europe
- 0 Middle East Africa
- 11 Platinum Group Metals
- 2 Platinum
- 4 Palladium
- 3 Rhodium
- 5 Regulations
- 0 News