Heraeus Precious Metals wins S&P Platts Global Metals Award

Hanau, 3rd November 2022

Heraeus Precious Metals, one of the world's leading names in the precious metals industry, has been honored for the first time with the S&P Platts Global Metals Award in the category "Industry Leadership Award: Precious Metals". The official award ceremony took place on 27 October 2022, in London. The award, presented by S&P Global Commodity Insights, a pricing information service for the commodity and energy markets, recognizes the leadership, innovation, and commitment to a greener future of companies in the metals industry in a variety of categories.

Heraeus Precious Metals wins S&P Platts Global Metals Award
Uve Kupka, President North America at Heraeus Precious Metals (center) accepted the award at the official ceremony.

In her address, Sue Avinir, Senior Vice President S&P Global Commodity Insights, thanked the award winners and finalists for their resilience and leadership in addressing current economic challenges. They have been able to successfully manage supply chain issues, global lockdowns, and conflicts around the world, she said, while at the same time having extended their commitment to a more sustainable future.

In the "Industry Leadership Award: Precious Metals" category, Heraeus Precious Metals beat out three other finalists. Uve Kupka, President North America at Heraeus Precious Metals, emphasized, "It is a great honor for us to be recognized with this prestigious award. The Industry Leadership Award reaffirms our global leadership in the production and trading of precious metals. My special thanks therefore go to the entire team at Heraeus Precious Metals, without whose efforts this award would not have been possible."

Heraeus Precious Metals has a long history of innovative precious metals chemistry. Today, 2,600 employees worldwide work on the development of innovative products and their applications. The jury was particularly impressed by the novel, low-iridium catalyst developed by Heraeus Precious Metals for PEM electrolysis to produce green hydrogen. PEM electrolysis is a core technology for the hydrogen economy and the switch to renewable energy sources. With the help of the catalyst, the iridium content has been reduced by 75 percent compared to standard catalysts. This enables the production of green hydrogen despite the scarce availability of iridium on an industrial scale.

Furthermore, against the backdrop of a global pandemic and enormous price fluctuations for precious metals, Heraeus Precious Metals succeeded in increasing the company's profitability and further expanding its sustainability activities. The issue of sustainability is central to all business activities and firmly anchored in the corporate strategy: Heraeus Precious Metals has committed to carbon-neutral production by 2025 and to no longer using fossil fuels from 2033. "We have a social responsibility that we take very seriously. Our ambitious goals, which can only be achieved with the support of the entire workforce, underscore this," affirms André Christl, CEO of Heraeus Precious Metals. For this reason, Heraeus' precious metals division has already initiated a wide range of measures aimed at reducing its environmental impact along the entire value chain.

At S&P Global Commodity Insights, our complete view of global energy and commodities markets enables our customers to make decisions with conviction and create long-term, sustainable value.

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S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit  https://www.spglobal.com/commodityinsights

Heraeus Precious Metals is a leading provider of precious metals services and products. We combine all activities related to our comprehensive expertise in the precious metals loop – from trading to precious metals products to recycling.

Heraeus Precious Metals is one of the world’s largest refiners of platinum group metals (PGMs) and a leading name in industrial precious metals trading. Our precious metals products are used in a wide variety of industries, including the chemical, pharmaceutical, glass, electronics and automotive industries. We offer top quality solutions and products based on many years of experience and technical expertise. We are a reliable development partner for our customers and find the best solutions for their requirements.

The Heraeus Group is a broadly diversified and globally leading family-owned technology company, headquartered in Hanau, Germany. The company’s roots go back to a family pharmacy started in 1660. Today, the Heraeus group includes businesses in the environmental, electronics, health and industrial applications sectors. Customers benefit from innovative technologies and solutions based on broad materials expertise and technological leadership.

In the 2021 financial year, the FORTUNE Global 500 listed group generated revenues of €29.5 billion (US$34.9 billion*) with approximately 16,200 employees in 40 countries. Heraeus is one of the top 10 family-owned companies in Germany and holds a leading position in its global markets.