Morning Bites

🚘EU + UK passenger car registrations were flat YoY in July, after the 4% YoY increase in June. The dynamics matched our estimates. The July sales figures were still 23% below the pre-COVID, 2019 level. We reiterate our view that EU car sales are likely to remain sluggish in the near future, given continuously weak local economic activity (as indicated by the EU PMI remaining <50), which might further weigh on PGM consumption

In 2023, the EU+UK accounted for some 23% and 30% of world autocatalyst Pd and Pt demand, respectively

#cars   
https://metals-wire.com/sector/PGM