What Platinum Demand Reveals About the Global Auto Sector

Platinum demand is holding up across the U.S. and Europe, while China accounts for almost all of the contraction expected in global auto demand. Rhona O'Connell, StoneX Head of Market Analysis for EMEA and Asia, breaks down where platinum demand is forming and where it is unwinding. The auto sector typically takes between 37 and 40 percent of platinum demand, because platinum and palladium both sit in emission control catalysts and neither is used in electric vehicles. The palladium substitution trade that once favored platinum is running in reverse, and Chinese jewelers are unwinding the platinum inventories they built on a gold switching thesis that never arrived. Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_rhona_o_connell&utm_content=share 00:00 - Platinum Demand Splits in Two 00:55 - EV Rollback Feeds Tailpipes 01:21 - China Drags Auto Demand Down 02:15 - Palladium Wins Catalysts Back 03:50 - No Rescue From the Jewelers 05:15 - Pent-Up Demand Waits on China Like and subscribe for more financial market insights. #Platinum #StoneX #RhonaOConnell #Palladium --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social