As price parity beckons, substitution from palladium to platinum to wane
January 17, 2024
Source: Reuters
As price parity beckons, substitution from palladium to platinum to wane
By Brijesh Patel and Polina Devitt
LONDON, Jan 16 (Reuters) - The rate at which platinum is displacing palladium in the manufacture of autocatalysts is slowing due to the sister metals approaching price parity, a trend which is likely to persist through this year, analysts said.
Growing use of platinum in autocatalysts that reduce harmful emissions from internal combustion engines and rising sales of battery-powered electric vehicles was behind the 39% slump in palladium prices last year.
Read the full article at: As price parity beckons, substitution from palladium to platinum to wane | Reuters