Investing.com — UBS has released its market outlook for platinum group metals (PGMs), forecasting that will outperform in 2025, although both are expected to lag behind and .
The report suggests that industrial activity will be a key factor driving the white metals market.
The bank anticipates that central bank rate cuts and a likely weaker US dollar will positively impact the market, while potential tariffs could pose a negative threat. Nonetheless, UBS maintains a moderately positive price outlook for platinum, partly driven by the automotive sector.
“While auto production was disappointing in 2024, there is room for improvement in 2025 if economic activity increases,” UBS strategists Giovanni Staunovo and Wayne Gordon said in a note.
Lower interest rates are expected to make vehicle purchases more affordable, which, coupled with the need to replace aging vehicles, should support autocatalyst demand.
Another positive…
