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Societe Generale: Auto sales to be key for PGM demand

Posted on 26 February 2014

Auto sales will be the key to demand for platinum group metals in 2014, more-so than legislation on auto emissions, says Societe Generale. Europe is especially important for platinum demand due to the continent’s use of diesel-powered vehicles that require platinum.
Weakness in the European economy dented this demand in recent years. “That said, with the European economy having exited recession and the economic prospects improving, albeit modestly, coupled with an aging car fleet then there is the potential for a continued steady upturn in European car sales,” Societe Generale says………………………………………..Full Article: Source


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