Minor PGMs and Palladium
Tuesday 10th September, The Penn Club, New York
In 2018, SFA (Oxford)'s exclusive PGM event gave delegates an exclusive opportunity to engage with Andew Hinkly and hear about AP Ventures and the new markets for PGMs at a crucial time for our industry. In addition, the SFA team examined the outperforming metals, iridium and ruthenium, in addition to palladium. The ruthenium price has risen five-fold over the past 18 months, but what can now be expected of this versatile PGM? The iridium price has also seen a hike over the last 12 months, but is demand now easing? What percentage of the current mine supply is at risk of closure? These questions were addressed by SFA's analysts, with a 40-minute 'Metals of the moment' presentation followed by a 20-minute question and answer session covering the supply and demand drivers for palladium, ruthenium and iridium uptake.
Our special guest, Andrew Hinkly, highlighted how PGMs power numerous advanced technologies vital to solving global challenges, such as sustainable energy integration, growing resource scarcity and rapidly changing demographics. The audience also heard how industries utilising PGM-powered technologies have a competitive advantage that drives superior returns and underpins the investment opportunity.
The minor metal prices outperformed all other PGMs in 2018, how long can it last before risking adoption and substitution?
Our guest speakers
Andrew Hinkley, Managing Partner, AP Ventures
Andrew Hinkly is the Founding Managing Partner of AP Ventures. He is a board member of Ergosup, Food Freshness, GreyRock, Hazer and Starfire.
He has enjoyed a high profile career spanning more than 25 years working in the automotive and mining industries. He held a number of senior leadership positions at Anglo American, where he worked for a decade and was a member of Anglo American Platinum Executive Committee.
He previously held senior roles at Ford Motor Company where he was a member of the North American Executive Committee. At Ford he led the Production Procurement operations of Ford Americas and was responsible for $45 billion of annual purchases from over 40,000 suppliers.
Andrew has an MBA from the University of Manchester and a BSc in Civil Engineering from the University of Loughborough.
AP Ventures invests in pioneering technologies and businesses that harness the unique chemical and physical properties of PGMs, helping these ventures to become commercially viable. At the same time, this represents an exciting step towards developing new markets for PGMs.
Stephen Forrest, Executive Chairman, SFA (Oxford)
Stephen Forrest, one of the PGM industry’s foremost authorities, known universally for his value-chain-spanning expertise, has spent a career working for a portfolio of the leading mining, investment bank and trading companies and clients. In more recent years, he has become the analytical link between producer and end-user, processor and investor, as Executive Chairman of SFA (Oxford), the leading consultancy he set up in 2001.
Dr Jenny Watts, Principal Analyst: Automotive Demand & Technology
Dr Jenny Watts is a highly respected industry analyst and leads SFA (Oxford)'s demand research team. She has a wide-ranging technical background and significant industrial experience. Jenny and the team are responsible for evaluating and forecasting the automotive and industrial markets for the strategic metals; this includes assessing how technological shifts, legislative changes and environmental issues will help develop or place at risk the markets for these strategic metals over the short, medium and long term. Jenny is also SFA (Oxford)'s expert on the ruthenium and iridium markets.
Is palladium oversold?
Stephen Forrest and Dr Jenny Watts presented the third issue of The Palladium Standard. This highly sought-after publication provides SFA’s market view and collates all the key industry data and indicators for the past 12 months.
History of our New York PGM events
Since SFA (Oxford)'s first New York event in 2014, it has become an annual staple of the New York Platinum Week calendar. Here you can read up on the history of SFA's annual state-side event that brings together individuals from companies representing the entire platinum industry value chain.