Platinum-group metals (PGMs)

Platinum-group metals (PGMs).

Platinum-group metals are a group of six chemically related precious metals: platinum, palladium, rhodium, ruthenium, iridium and osmium. They are characterised by their exceptional corrosion resistance and high melting points. Platinum and palladium especially play a key role in environmental technologies and energy supplies, as they increase the efficiency of catalytic converters. South Africa and Russia are two of the world’s principal producers.

Applications.

  • Catalytic converters for exhaust
  • Spark plugs
  • Fuel cells for hydrogen-powered vehicles 

Risks.

  • CO2 emissions
  • Environmental impacts of mining waste on water, soil, air and people, e.g. from tailings, acid mine drainage and dust
  • Violation of workers’ rights
  • Endangering the rights of local communities

Preventive measures.

  • Provision of raw materials by selected suppliers 
  • Sourcing secondary materials to increase recycling quotas and reduce CO2 emissions
  • Contractual assurance by suppliers of compliance with ESG standards (e.g. certification)

Active involvement in initiatives.

Overarching policies and commitments.

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