Recycled PGMs Market to be Worth $9 Billion by 2018

Kitco News reported that according to a report from Innovative Research and Products, the market for recycled platinum-group metals (PGMs) is expected to expand 8.2 percent by 2018, reaching a value of $9 billion.

As quoted in the market news:

Breaking down the recycling market by geographical locations, the firms said that Asia has the biggest growth potential.

‘Asia is expected to exhibit growth that exceeds some of the world’s most vibrant markets in the Americas and Europe by expanding at a rate of approximately 9.2% annually,’ the firm said.

The European PGM recycling market is expected to grow by 7.7% and in the Americas, the market is expected to grow by 7.5%. However, the firm pointed out that the Americas could end up being the biggest source for recycled PGMs.

Click here to read the full Kitco News report.