PGM Demand is dictated by Automotive Demand

The Prospector News Podcast · Jul 29, 2024 · 38m

Prospector News Michael Fox is joined by the President and Founder of the CPM Group, Jeff Christian. Last week the CPM Group launched its Annual PGM Yearbook and we get to take an overview of the PGM markets. Demand is essentially dictated by the transportation market as this is by far the largest user of PGMs in catalytic converters. There are many headwinds for PGMs here. Automotive sales have been in decline since 2019 and are looking to continue that downward trend. Electric Vehicles (there are no PGMs used in EVs) now make up 13% of the overall market also taking a bite out of PGM…