Platinum prices fell sharply in September as news of the Volkswagen emission testing fraud generated investor fear that the scandal would reduce platinum use in auto catalysts.
The reality is that platinum has been under renewed threat of reductions in use in auto catalysts for the past several years, for reasons far transcendent of the VW malfeasance and far more threatening to platinum supply, demand, and prices.
CPM Group has writtened a brief summarizing these trends. The six-page report details the critical issues behind these already present threats to platinum usage in a way that has not provided to the platinum market and mining industry before. The report provides succinct analyses of the trends in the auto industry that are combining to shift the use of platinum in auto catalysts.
Four big trends are conspiring against platinum use in auto catalysts: demographic, technological, regulatory, and market related. All of these trends now are clearly established; some of them have been in place for four years as of 2015.
This MUST HAVE report is unique in that this analysis has never been pulled together in this way in a single piece.