Future shifts in PGM demand—the impact of technological and economic scenarios on future metal demand
The report analyzes the impact of various technological, legislative, and economic scenarios on future platinum group metals (PGM) demand, particularly in autocatalysts, up to 2016.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: |
the southern african institute of mining and metallurgy |
| Authors: | Atilan, O., Clarke, B., Forrest, S.a., J.c. Watts, S.a. Forrest, B. Clarke, Watts, J.c. |
| Time horizon: | 2008 |
| Geographic focus: | Global |
Methods
The research method involved constructing scenarios to model the impact of various influences on PGM demand, analyzing supply/demand fundamentals, producer economics, legislative effects, and new automotive technologies. It also considered the potential impact of the global economic slowdown on PGM demand.
(Generated with the help of GPT-4)
Key Insights
This report by SFA Oxford examines the future demand for platinum group metals (PGMs), focusing on platinum, palladium, and rhodium, primarily in the autocatalyst sector, up to the year 2016. The study presents a central case scenario based on supply and demand fundamentals, considering the influence of crude oil prices on global growth. It also explores the effects of increasingly stringent automotive emissions legislation and the introduction of new automotive technologies, such as cleaner diesel, diesel-hybrids, and fuel cells, on PGM demand. The research discusses the role of autocatalysts, which constitute the majority of PGM demand, and the impact of legislative requirements to improve fuel efficiency and reduce emissions. It highlights the growth of the Chinese and Indian car markets and their adoption of tighter emissions standards. Additionally, the report considers the jewelry sector as the second major use for platinum and an important market for palladium, noting the potential for substitution due to high PGM prices. The study concludes that demand for PGMs will remain strong, driven by the autocatalysis and jewelry markets, with legislative requirements and marketing efforts continuing to boost demand.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2000s time horizon | 2008 time horizon | English publication language | Global geographic scope | autocatalysts | chinese demands | demands | economic scenarios | economics | emissions standards | finance | fuel efficiency | indian demands | jewellery | jewelry | legislation | market growth | mining industry | new technologies | pgm | pgm demand | platinum group metals | substitution | technology