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Platinum s Shortage to Persist as EV Slowdown Fuels Demand

Platinum s Shortage to Persist as EV Slowdown Fuels Demand
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Shanghai Platinum Week: Hydrogen s going to feature big, says World Platinum Council

Shanghai Platinum Week: Hydrogen s going to feature big, says World Platinum Council
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Resources Watch

Resources Watch
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Platinum rises from ashes of dieselgate to outperform palladium What s next

As price parity beckons, substitution from palladium to platinum to wane

The rate at which platinum is displacing palladium in the manufacture of autocatalysts is slowing due to the sister metals approaching price parity, a trend which is likely to persist through this year, analysts said. Growing use of platinum in autocatalysts that reduce harmful emissions from internal combustion engines and rising sales of battery-powered electric vehicles was behind the 39% slump in palladium prices last year. Around 620,000 ounces of palladium were replaced by platinum in 2023 vs 385,000 ounces in 2022, according to the World Platinum Investment Council's (WPIC) November estimate.

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