The World Platinum Investment Council mentioned similar: Using consumer purchasing/price sensitivity, at a 25% tariff level, we estimate a surprisingly small negative impact on automotive demand for platinum of 70 koz and palladium of 269 koz, with the net impact potentially less due to reduced scrapping of used vehicles and thereby lower PGM recycled supply. However, fears of tariffs on metals imports, which is already distorting market conditions (link), could have a more significant and outsized impact on accentuating current market tightness.
CHN Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
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