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Post #2137 101
Morning Bites (part 1)

🚘EU + UK passenger car registrations inched up 2% YoY in May, after being flat YoY in April. The growth was mainly driven by BEV sales (+25% YoY in April), while catalyst-containing car registrations slid 2% YoY

We maintain our view that the ongoing monetary easing cycle in the EU/US and China, and the expected cancellation of EV-support programmes in the US (which could even be replaced with USD 1,000 new EV purchase tax), might bolster PGM market fundamentals

In 2024, the EU+UK accounted for some 23% and 26% of world autocatalyst Pd and Pt demand, respectively

#cars
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