Platinum Group Metals (PGMs) are a group of six precious metals that include platinum, palladium, rhodium, iridium, osmium, and ruthenium. These metals are known for their rarity, high melting points, and resistance to corrosion, making them valuable in various industrial applications, especially in the automotive and electronics sectors. PGMs are primarily mined in regions like South Africa and Russia, where significant deposits are found. They are essential in catalytic converters, which help reduce harmful emissions from vehicles. Additionally, PGMs are used in jewelry and various chemical processes due to their unique properties.