24 January 2024: Platinum for palladium substitution is embedded into automotive demand and unlikely to reverse swiftly : January 2024: Platinum for palladium substitution is embedded into automotive demand and unlikely to reverse swiftly: Platinum for palladium autocatalyst substitution is expected to reach 700 koz in 2024f, up from 620 koz in 2023f. Our analysis shows that there are no economic incentives and a number of risks to reversing this process. Furthermore, the process of reverse substitution will be slow, even if it does occur. Thus, existing substitution is largely embedded in annual automotive demand for the medium term.
Platinum Perspectives
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