Covid-19 fallout and price risk

The impact of COVID-19 has led to a fundamental change in SFA (Oxford)'s view of the platinum-group metals market.

SFA’s Quarterly PGM Market Outlook Report provides price forecasts over the next three years for platinum, palladium and rhodium. The report outlines the drivers of demand, the pressure points, and the risks around supply security. All your questions will be answered in a follow-up call with the analyst team, who between them have over 140 years’ experience in the platinum-group metals.

The report is available to order now. However, if you require information urgently, please do not hesitate to contact us. Details are provided below and on our Contact page.

Our most unique PGM report keeps getting better

To refine our already proven formula of event-driven platinum, palladium and rhodium market analysis and medium-term price forecasts, the SFA team produces, on a quarterly basis, a report that raises the bar for platinum-group metals industry analytics. The PGM Quarterly Report, a risk-focused report that details on-the-horizon, price-impacting factors, is widely considered to be the benchmark in regular research, offering analytical charts and scenarios as an essential guide to today’s PGM markets.

Released four times a year on a subscription basis, The PGM Quarterly Report will keep you up to date with the platinum, palladium and rhodium markets and gives you a competitive edge. The report provides you with SFA’s hands-on, forward-looking commentary and analysis on the events and trends currently impacting PGM supply, demand and pricing, and their market implications.

The content of each market report will vary according to PGM industry events and market developments, but is tailored to incorporate an individual client’s specific strategic requirements. Typically, the reports will include...

PGM demand impacts and new market threats:

• Macroeconomic outlook and impact on supply and demand fundamentals and technology.

• The impact of changing vehicle production forecasts, new emissions legislation, powertrain technology and substitution on end-use demand.

• Macroeconomic, demographic and price influences on jewellery demand and recycling.

• Tracking and reporting on the evolution of other industrial demand, relevant processes and technology developments, including capacity expansions, new end-uses and threats.

• Legislative changes in all major regions affecting emissions and environmental issues.

• The social, demographic and marketing aspects of the platinum jewellery business.

• Technology shifts and automotive powertrain developments and their impact on PGM demand.

• Future evolution and development of industrial technologies, both emerging and in decline.

PGM supply and mine economic impacts:

• Updates on the present and future stability and growth of primary PGM supply and demand.

• The economics of primary PGM supply, including factors influencing cost inflation and exchange rate and volume impacts.

• Commentary on the political and socio-economic risks impacting primary supply.

• Comments on the political and socio-economic risks impacting on primary platinum supply in politically sensitive  PGM-producing regions (South Africa, Zimbabwe and Russia).

• PGM supply forecasts for nine probable projects, and nine possible projects.

PGM recycling updates:

• Quantification of secondary supply, including business drivers, processing capacities and incentive pricing.

• Recycling forecast supported by an extensive database of historical autocatalyst use.

PGM metal flows:

• Investment from exchanges, ETFs, coins and bars.

• PGM lease rates, trade flows, producer inventory levels, and changes to global stockpiles (short- and long-term liquidity).

PGM prices forecasts:

• Economic derivation of metal prices with a three-year outlook.

• 'What if' scenario analysis and price risk assessment.

Who should read this report?

• All industry stakeholders and new business entrants who need to keep abreast of the evolving influences on the platinum, palladium and rhodium markets and prices, including end-users, recyclers, mining companies and juniors. 

• Investors and financial institutions needing to understand and quantify the risks and opportunities in the industry, future costs of production and short- to medium-term prices.

Live Q&A with the analysts

• Each quarterly report is supported by a video call, most often hosted through MS Teams, which is led by Beresford Clarke, along with our team of expert PGM analysts, to run through our latest report, and address any further questions your team may have.

• Up to 25 people have joined these special meetings at one time to hear our latest thoughts on the PGM markets.