The widespread use of our products, their recyclability and our commitment to ensure we produce them in a safe, socially and environmentally sensitive and responsible manner, underpins their appeal as the world increases its focus on the environment.
Demand for our primary products has evolved over time in response to:
- Industrial production and growth rates in developed and developing nations
- Changes in legislative frameworks governing emissions
- Price elasticity and technological changes in industrial applications
- Consumer appetite for investment products and jewellery.
The emergence of the hydrogen economy will result in structural demand growth for platinum, iridium and ruthenium over the next decade, offsetting the impact of rising electrification of the light-duty vehicle fleet.
Primary supply is highly concentrated with limited expectations for medium-term expansion due to significant barriers to entry, including constrained processing capacity, rising regulatory oversight, increasing stakeholder requirements and prudent capital allocation by the producing peer group.
Implats sustains and grows value by supporting present and future demand drivers, with strong customer relationships and production aligned to evolving demand. The Group plays a leading role in industry bodies and collaborates with industry partners and peers to leverage relationships to enhance future value creation.