Link to atfPro

All the latest news for auto recyclers

Welcome to ATF professional - the site specifically aimed at Authorised Treatment Facilities and those involved with motor vehicle dismantling, vehicle salvage and other operations associated with motor vehicle depollution and recycling. Sign up for our, free monthly newsletter.
Visit from the Environment Agency? Need to apply for an Environmental Permit? Call Paul Downing Associates now for an informal chat - 07790 147084 or click here.

Palladium cost has increased, hitting a 16 year high

Cats for reprocessing
Will record prices affect car makers dependency on palladium?

Automakers may have to decrease the use of palladium and seek an alternative due to higher prices of the metal.

Although palladium, one of platinum’s group of metals, helps in the reduction of harmful emissions produced in combustion engines, the price increase may cause automakers to look for an alternative.

Costs of palladium have climbed to its highest in 16 years as demand for petrol vehicles rises. Palladium serves as a catalyst to convert toxic substances from combustion engines into less harmful ones.

According to the New York Mercantile Exchange, ‘palladium costs have increased to just under $900 per troy ounce, up 90% from when prices bottomed out in January 2016. If palladium prices exceed an August 2014 mark of just over $900, they will reach the highest since 2001.’

An article at asia.nikkei.com reads ‘High palladium demand "had been covered by above-ground stock," said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank. The UK and Switzerland, which have plentiful storage warehouses, had a combined export surplus of 311 tons in December.’

But Russia produces 40% of the world's palladium, which will fall 3% this year compared with 2016. World demand for 2017 is expected to exceed supply by 24.4 tons.
But are we going to keep needing palladium?

Efforts are constantly being made to reduce the usage of palladium and rhodium. According to Teiji Yamada, general manager of catalysts development at Tokyo-based N.E. Chemcat. Toyota Motor plans to commercialise converter technology that relies less on precious metals such as palladium.

With the potential increase sales of electric vehicles over the coming years, is palladiums number one spot going to last or will it be replaced with some other rare earth element which will be needed in vast quantities to create new technologies?

August 2018

Latest stories

Who’s buying our salvage vehicles in Europe?
It seems that there are some questions surrounding the purchasing of vehicles by other European countries, in particular Cat B vehicles. One of our readers asked us the following:
Diesel and petrol car sales to be banned from 2040
In recent news and following on from France’s commitment to take polluting vehicles off the road by 2040, Britain has also followed suit by banning the sales of all new diesel and petrol cars and vans by 2040. The final plan is due by the end of July.
Palladium cost has increased, hitting a 16 year high
Automakers may have to decrease the use of palladium and seek an alternative due to higher prices of the metal
There is a use for rusty old cars!
This years’ Glastonbury featured ‘Cineramageddon’ – an interesting use of old vehicles.
The pressure’s on for tyres!
The Tyre Recovery Association (TRA) and National Tyre Distributors Association (NTDA) warn of rising costs on tyre recycling due to regulatory changes and market conditions, factors that will affect used tyre collectors and re-processors.
Volvo to go electric by 2019
Volvos plan is to launch five electric models between 2019 and 2012 and a number of hybrid models and they aim to sell one million electrified cars by 2025.
We’re not a scrap yard, we’re a vehicle dismantlers
Atf Pro met up with the guys at Skan 4x4 Ltd to take a look at their great setup.
Code of practice flawed, the opinion of the BVSF
One has to be concerned when the insurer’s new Code of Practice (CoP) that received its “soft launch” a week or so back isn’t supported by either the Motor Vehicle Dismantlers’ Association or the British Vehicle Salvage Federation, two of the main owners of the pre-existing code.