- Reuters reports that “a surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals.”
- While the global supply of platinum and palladium has been relatively stable, the increase in demand from the automotive sector is expected to create supply pressures.
- Platinum Group Metals Ltd., a prominent player in the PGM space, is well positioned to capitalize on this trend.
The automotive industry’s shift toward hybrid and electric vehicles (“EVs”) is reshaping numerous sectors, including the precious metals market. A recent Reuters article highlights how this transition is driving the demand for platinum group metals (“PGMs”), a trend that is poised to benefit key industry players such as Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM).
“A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (“PGMs”) in the coming years, similar to the…
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG
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