Green Rush
Matthew Watson
Listen to Kitco Mining's Green Rush to understand and profit from a once in a century event: the clean energy transition.
Each week host Matt Watson, founder of Precious Metals Commodity Management, will take a deep dive on a metal that will underpin our new electrified world. Green Rush explores the vital role of nickel, copper, lithium, cobalt, silver, platinum group metals, rare earth elements and other metals that power the batteries driving our sustainable future.
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Top 10 Green Rush Episodes
Goodpods has curated a list of the 10 best Green Rush episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Green Rush for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Green Rush episode by adding your comments to the episode page.
Gold between $2,700 to $3,000 - WGC's Joe Cavatoni says a lot of the market expects metal to rise
Green Rush
09/04/24 • 31 min
Gold is well supported with a number of factors supporting the metal, said Joe Cavatoni, senior market strategist for the Americas, World Gold Council.
Last week Cavatoni recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.
Geopolitical concerns and strong central bank buying are some of the factors supporting gold.
"You've got all the key elements of what's making up a really, really amazing picture for the gold market," said Cavatoni. "Central bank buying is pretty amazing, and it's pretty fundamental."
Jewelry demand is currently under pressure due to high prices. The technology sector's demand is growing but still relatively small. Cavatoni said the WGC doesn't forecast gold prices, but he is seeing a lot of market expectations for $2,700 to $3,000 gold.
"We see a very strong case to support those estimates in terms of the overall trajectory of the gold market."
Green Rush is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho.
Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
09/30/24 • 40 min
Securing concentrate offtake agreements is the next major step for Platinum Group Metals Ltd., said Frank Hallam, the company's director, president, and CEO.
Last week, Hallam recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.
Platinum Group Metals Ltd. (TSX: PTM) is the majority owner and operator of the Waterberg PGM Project in South Africa. The company is headquartered in Vancouver, British Columbia. An updated feasibility study on the project was published in September 2024. Discovered in 2011, approximately $89 million has been invested in the project.
A critical next step for the project is securing concentrate offtake agreements, either within South Africa or with potential partners in Saudi Arabia, which is positioning itself as a global mineral processing hub. Hallam emphasized that while the project is still a few years away from full production, it marks a significant shift in South Africa’s PGM mining landscape, with the northern limb likely to become the future focus of the industry.
Green Rush is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
08/16/24 • 37 min
A wave of end-of-life automobiles that are set to be recycled could flood markets with palladium, warned Matt Watson, founder of Precious Metals Commodity Management.
This week Watson recorded an episode of Green Rush with Mohammad Doostmohammadi, CEO and founder of pH7 Technology.
While palladium prices could be depressed, the growing hydrogen sector could benefit platinum, said Watson.
PH7 Technologies is a clean tech company that focuses on extracting critical metals from various sources, including spent catalysts, electronic waste, and printed circuit boards. They use a proprietary closed-loop process that combines organic, inorganic, and electrochemistry to extract metals without generating wastewater or harmful emissions.
The company's technology can recover various metals such as platinum, palladium, rhodium, iridium, copper, gold, silver, and tin.
PH7 is currently building a pilot plant for their e-waste process and plans to commercialize it next year. They are also working with mining partners to develop onsite operations for extracting copper from sulphide ores, potentially doubling the copper supply from these mines.
Should you hold your own gold? - FideliTrade's Jon Potts on precious metals and balancing risk
Green Rush
07/26/24 • 32 min
Buyers of physical gold should understand their motivation for holding precious metals, said Jon Potts, managing director at FideliTrade.
This week Potts recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.
FideliTrade is a precious metals firm and authorized mint distributor. The company provides trading, custody, shipping and investment services.
Watson and Potts discussed motivations for owning precious metals, preferred bullion denominations and the distinction between physical bullion and ETFs. They also explored central bank buying trends, the performance of gold and silver in 2024, and the growing industrial demand for silver.
Some investors want to have their gold at hand, while others don't want to worry about the security risks that arises from holding the metal.
"There's not a right or wrong answer," said Potts. "They just view risk very differently. And that kind of plays into it: what is the motivation for owning it? And what is the motivation for storing it or taking delivery of it?"
Trouble ahead for the palladium market
Green Rush
07/24/24 • 45 min
The palladium market will be over-supplied, said Oliver Krestin, managing director of Hensel Recycling.
This week Krestin recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management LLC.
Headquartered in Germany, Hensel Recycling Group is a precious metal recycling business that has been operating since 1998. The company has over 240 employees. Hensel recycles automotive and industrial catalytic converters, oxygen sensors, e-scrap, and critical raw materials from the hydrogen economy.
Watson and Krestin talked about the automotive industry and internal combustion engines, which rely on catalytic converters made from platinum group metals.
"We're harvesting so much palladium in the years to come," said Krestin. "This will have an impact on the price. So even if the market is growing, the margins will go significantly down, because the value of the catalyst will decrease."
Watson also noted that all the investment in artificial intelligence and semiconductors will result in a lot of electronic waste for recyclers. The waste contains trace amounts of precious metals.
'AI is a self-feeding monster' - Why thrifting and substitution can't hold back tech metal demand
Green Rush
07/12/24 • 40 min
Manufacturers may try to skimp on critical minerals, but scale and complexity will eventually drive demand higher, said Mike Walden, senior director at TECHCET.
Last week Walden recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management LLC.
Electrification and AI are going to need a lot of critical minerals and precious metals, noted the two guests. AI is going to require massive data centers, which will be very power hungry. Solar power has also been making big strides.
"Solar photo-voltaic on its own is a massive market," noted Watson.
Walden said that there is a lot of AI hype. The build out for the power-hungry data centers will take time. Thrifting and substitution will dent demand, but more metals will still be needed.
"Designs are becoming extremely sophisticated," said Walden, discussing the new generations of semiconductors. "AI is a self-feeding monster. AI could counter some of the current use of metals. But, generally speaking, the complexity is just driving material consumption further and further."
06/21/24 • 40 min
Electrification and AI will favor precious metals, said Peter Thomas, an independent consultant.
This week, Thomas recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.
Gold has broken several all-time highs this year, and silver is up about one-third year-to-date. Looking at the chart for gold prices, Thomas said the price patterns look great.
"If you're a technician, it doesn't get better than that," said Thomas.
The two noted later in the interview that industrial demand for both metals will be growing sharply due to electrification and AI. Watson and Thomas also discussed the World Gold Council's latest central bank survey.
On Tuesday, the council published the results of its annual Central Bank Gold Reserves survey. Of the 70 responses, 29% said they expect to increase their gold reserves in the next 12 months. The WGC said this was the highest level it has seen since it started the annual survey in 2018.
Hydrogen vehicles will be the biggest source of platinum demand by 2030 — WPIC’s Edward Sterck
Green Rush
06/10/24 • 33 min
Challenges with mine supply in South Africa, by far the world’s largest platinum producer, should support prices for the auto catalyst metal, says Matt Watson, founder of Precious Metals Commodity Management LLC.
On June 5 Watson recorded an episode of Green Rush with guest Edward Sterck, director of research, World Platinum Investment Council (WPIC).
Watson referenced a chart showing platinum supply decreasing to 2030, as operational expenditures rise and miners close unproductive shafts. “We’re heading into a zone where we’re going to be in a structural deficit going forward,” he said.
Sterck agreed, stating that “it's just fundamentally the combination of mine and recycling supply continuing to run short of demand.” The WPIC projects a negative 1.2 percent CAGR for ICE (internal combustion engine) auto catalyst demand between now and 2028. Continuing into the 2030s, hydrogen vehicles will become the biggest end source of platinum demand.
Events like “Diesel-gate” have stunted the demand for diesel vehicles. Sterck noted diesel’s market share has declined from 50 percent in 2015 to around 17 percent today. Higher emissions standards have increased PGM loadings per vehicle.
Watson said he worries there won’t be enough platinum to meet the demand for the hydrogen economy, forecasting 3.5 to 4 million ounces of platinum available, against 13 million ounces of PGMs that currently go into the automotive market.
Sterck put the number of available ounces higher due to recycling, mostly from end-of-life auto catalysts and jewellery made from platinum. The WPIC sees hydrogen demand for platinum growing to 900,000 ounces from 100,000 oz currently.
Sterck noted that with subsidies, heavy-duty hydrogen vehicles reach cost parity with diesel-fueled heavy-duty vehicles by 2030. However, US subsidies are lower, therefore, “we don't really have a huge amount of hydrogen demand for platinum in our base-case forecasts coming from North America. It's really a China and a Europe story.”
Listen to Kitco Mining's Green Rush to understand and profit from a once-in-a-century event: the clean energy transition.
Each week, host Matt Watson, founder of Precious Metals Commodity Management, will take a deep dive into a metal that will underpin our new electrified world. Green Rush explores the vital role of nickel, copper, lithium, cobalt, silver, platinum group metals, rare earth elements and other metals that power the batteries driving our sustainable future.
05/09/24 • 32 min
Ambitious energy transition policies are running into mining constraints, noted Matt Watson, founder of Precious Metals Commodity Management.
This week Matt Watson recorded Green Rush and looked at lithium with guest Chris Williams, an analyst at Adamas Intelligence.
The two discussed 'base case' and 'high case' adoption scenarios and the impact on lithium demand.
The two reviewed historical lithium prices and the factors influencing the recent spike. Water consumption is impacting production. Direct lithium extraction is making in-roads, but the technology still requires significant development. Supply is challenged due to long development times for mining.
08/26/24 • 25 min
Silver recycling will go up as the metal's price rises said Michael DiRienzo, president and CEO of The Silver Institute.
This week DiRenzo recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.
DiRenzo discussed the outlook for silver in the context of the current market and the growing industrial demand. He highlighted silver's increasing role as an industrial metal, especially in photovoltaics and electronics.
DiRenzo believes that silver's price will rise due to this growing demand and that it has a lot more room to run. He also points out that silver's price is likely to be boosted by potential Fed rate cuts. While acknowledging that silver recycling rates are currently low, he believes that with higher prices, recycling will become more economically viable and contribute to meeting the growing demand.
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FAQ
How many episodes does Green Rush have?
Green Rush currently has 21 episodes available.
What topics does Green Rush cover?
The podcast is about Podcasts, Business and Energy Transition.
What is the most popular episode on Green Rush?
The episode title 'Too much palladium - Matt Watson on metal recycling, PGMs and automobiles' is the most popular.
What is the average episode length on Green Rush?
The average episode length on Green Rush is 37 minutes.
How often are episodes of Green Rush released?
Episodes of Green Rush are typically released every 9 days, 8 hours.
When was the first episode of Green Rush?
The first episode of Green Rush was released on Mar 16, 2024.
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