Morning Bites

🚘EU + UK passenger car registrations stood flat YoY in October, after the 4% YoY decrease in September. The dynamics were slightly above our estimates, while the figure remained 14% below the pre-COVID, 2019 level

We reiterate our view that the ongoing monetary easing cycle in the EU/US and China, increase in EU import duties (from 10% up to 45%) on Chinese BEVs (encouraging production of catalyst-containing cars), as well as the continuous global Pd/Pt market deficit, might support PGM prices 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