According to Metals Focus, a growing global automotive sector has driven combined autocatalyst demand for platinum, palladium and rhodium (PGM), which rose by 5% in 2021 and expected to hit record levels in 2022. The consultancy said that the total PGM demand is expected to grow 11% breaching 12.8Moz in 2022. “This is 1.2Moz more than 2021 and 200koz higher than pre-pandemic levels, despite expectations that vehicle numbers will still be lower than in 2019,” the authors of the report noted. The growth in demand will be driven by two key factors, Metals Focus said. First, automotive manufacturing is expected to ... (full story)