Platinum group metals prices fall but markets tight – Johnson Matthey

Platinum group metals (PGM) supply and demand will be severely impacted by the Covid-19 pandemic, as national lockdowns hit auto production as well as South African mine output, Johnson Matthey said on Monday. Autocatalyst use was expected to fall by at least 15% to 20% and PGM supply by more than 20%, owing to South African mine shutdowns and recycling network disruption.