Note: Please consider that the PGM (Pt, Pd, Rh) content might change from one catalytic to another (with the same serial #) due to its condition affected by mileage, weather conditions, etc. *Assay made with Niton XLT3GOLDD+
2023 Forecast Prices for Palladium Platinum & Rhodium
Forecasting 2023 PGM prices is an almost impossible mission. In the graphs below, Heraeus Precious Metals present their forecasted PGM prices for 2023. Platinum prices are expected to be between 800 – 1,150 $/oz. (30% price gap) Palladium prices are expected to be between 1,300 – 2,250 $/oz. (42% gap)
Rhodium prices are expected to be between 9,000 – 15,500 $/oz. (42% price gap) prices expected to go down due to surplus supply. An important conclusion to all players in the auto catalytic converters recycling supply chain is that fixing / hedging of metal prices is a crucial part of the business. The high fluctuations in prices are risky, especially in low margin businesses.
Don’t be tempted to gamble on prices!