Morning Bites (part 2)

🚘EU + UK passenger car registrations slid 2% YoY in November, after the flat YoY dynamics in October. The figure came in slightly ahead of our estimates (-4% YoY), but remained 13% below the pre-COVID 2019 level

We maintain 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