Video News/Green Rush

The platinum group metals (PGM) basket is under strain, but that’s due more to a decline in aggregate car sales rather than a shift toward electrification, says Matt Watson, founder of Precious Metals Commodity Management LLC., and host of Green Rush — a program that focuses on precious and critical minerals as they impact the clean energy transition. In mid-March Watson spoke to Jonathan Butler, head of business development at Mitsubishi Corporation. Platinum, palladium and rhodium are key metals used in autocatalysts, or catalytic converters, which reduce tailpipe emissions in vehicles. Palladium is typically used in gasoline engines whereas platinum is more often used in diesel engines.