Platinum Group Metals Services

Tracking PGMs and auditing washcoaters are ESSENTIAL to protecting your assets

Our procurement services include sourcing PGMs from producers based on the Client’s projected needs. As market experts, PGMS Inc. will utilize spot buys on market dips, as well as our relationships with suppliers, to lower the cost of PGM’s. We will establish and maintain a strategic PGM reserve, and use these reserves to hedge against market fluctuations. PGMs from the strategic reserve can also be leased to generate income.

The management of PGM’s throughout the supply chain is a key part of the PGMS Inc. management process. PGMS Inc. develops the contracts and commercial terms and then puts these agreements in place with the suppliers. PGMS Inc. ensures that PGM’s and up-stream products are delivered on time for each step of the manufacturing process. From start to finish, PGMS Inc. tracks the Client’s PGM’s and manages the process such that the Client receives parts with the PGM’s that were specified, on time for the next step in the manufacturing process.

Quality control is an essential part of the management process, thus each individual production Lot is tracked and detailed reports of content/quality are produced and reported to the Client. Throughout the manufacturing process PGMS Inc. will track manufacturing costs, provide invoicing, price consulting, etc. in a manner that interfaces with the Client’s accounting system.

PGMS Inc. auditing services are also an essential part of the PGM management process. Auditing acts as a deterrent to mismanagement by the catalyst manufacturer and serves as a check for losses. Our auditing services include a physical audit plan that independently confirms that a catalyst manufacturer’s process controls (weigh scales, analytical methods, etc.) are accurate. The frequency of physical audit is based on the Client’s PGM annual throughput.

As part of our services, PGMS Inc. will provide customized monthly reports that include:

• PGM inventory status: purchases, usage, current inventory
• Savings/revenues from hedging activities
• Platinum Group Metals Market reports
• Actual PGM usage per part, as assessed by production Lot
• Audit reports
• Lot-by-lot process control statistics
• Any other client-specified metrics

The proactive management of PGM’s is an important activity that protects the Client’s assets and minimizes in-use emission compliance risk. Improper management and auditing of PGMs can (and have) lead to asset losses, lawsuits and emission compliance risk costing millions of dollars. Without the proper skills and experience, significant amounts of PGM’s can be lost or wasted.