A recent analysis has shed light on the potential impact of the electric vehicle revolution on platinum metals. The analysis suggests that platinum metals, including platinum itself, could experience a significant structural hit to demand as the shift towards electric vehicles accelerates.
One of the key factors contributing to this potential decline in demand is the reduced need for platinum in catalytic converters for internal combustion engine vehicles. Electric vehicles do not require catalytic converters, which are a major source of demand for platinum metals.
