Johnson Matthey, in North America (e.g., refineries in Michigan and New Jersey), increased the yield and throughput of high-purity platinum and palladium (purity of 99.99%+) by optimizing solvent extraction and electrolysis purification processes and upgrading automation, in order to address the tight supply of raw materials from South Africa and Russia.
BASF, in North America (e.g., sites in Michigan and Ohio), focused on improving the efficiency of secondary refining of platinum and palladium as well as catalyst regeneration, while expanding capacity for high-purity platinum and palladium salts and sponge, in order to offset the impact of restricted imports of Russian platinum group metals (PGMs) and production cuts at South African mines.
![Platinum prices intraday in the doldrums, spot market discount maintains normal consumption [SMM Daily Review]](https://imgqn.smm.cn/usercenter/nQsOk20251217171736.jpg)
![US dollar strength and rate hike expectations weighed on silver prices; spot premiums stagnant, trading sluggish [SMM Daily Review]](https://imgqn.smm.cn/usercenter/PeWqW20251217171735.jpg)

