Morning Bites (part 2)

🚘EU + UK passenger car registrations declined 4% YoY in September, after the 17% YoY decrease in August. The dynamics broadly met our estimates, while the figure remained 13% below the pre-COVID, 2019 level

In our view, the upcoming increase in European import duties (10-35%) on Chinese EVs, along with the ongoing monetary easing cycle in the EU, might add some support to local PGM demand in 2025

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