[SMM PGM Express] Valterra Platinum and Umicore’s Metal Deposition Solutions (MDS) have launched a multi-year R&D and commercialisation partnership aimed at expanding platinum group metal (PGM) applications in industrial electroplating.
The collaboration will focus initially on high-speed platinum electroplating technologies for the electronics sector, including connector applications, where platinum could offer a durable and cost-effective alternative to gold. With industrial gold demand exceeding 9.5 million ounces annually, the partnership highlights the potential for platinum to capture new demand opportunities in high-value applications.
Under the agreement, Valterra Platinum will provide funding over an initial three-year period, while Umicore MDS will contribute R&D expertise in materials chemistry, surface technologies and industrial-scale process development to advance solutions from laboratory research towards commercial readiness.
The initiative forms part of broader efforts by PGM producers to diversify demand beyond traditional markets and create new industrial uses for platinum. Growing adoption of advanced electronics and the search for more efficient precious metal alternatives could support future demand growth.
The partnership also reflects continued efforts across the PGM sector to address long-term market challenges by developing innovative applications that improve platinum’s competitiveness and expand its role in emerging technologies.
