PGMs demand may taper off despite robust automotive demand forecastPGMs demand may taper off despite robust automotive demand forecastPGMs demand may taper off despite robust automotive demand forecastPGMs demand may taper off despite robust automotive demand forecast
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PGMs demand may taper off despite robust automotive demand forecast

October 21, 2022

Global demand for platinum group metals (PGMs) is forecast to taper off beyond 2030, despite a robust outlook for increasing automotive sales, according to platinum group metals producer Impala Platinum (Implats) corporate affairs executive Emma Townshend, who addressed a PGMs students colloquium hosted by the Department of Trade, Industry and Competition, in Pretoria, on October 20. “Legislation is shifting more from focusing on engine-out emissions to decarbonisation, resulting in very strict government policies that are forcing the adoption of electric fleets – and battery electric vehicles don’t need PGMs,” she explained.

Link to Engineeringnews.co.za

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