EU Auto Policy Boost Drives Platinum to 39‑Year High
The EU’s decision to extend its 2035 combustion‑engine ban has pushed platinum to its strongest monthly rally in nearly four decades, with the metal up 33% in December. Tight supply, rising investment demand, and the launch of PGM futures in China have further lifted prices, while palladium and rhodium also saw double‑digit gains this year.
The EU’s decision to extend its 2035 combustion‑engine ban has pushed platinum to its strongest monthly rally in nearly four decades, with the metal up 33% in December. Tight supply, rising investment demand, and the launch of PGM futures in China have further lifted prices, while palladium and rhodium also saw double‑digit gains this year.
Short‑term, the policy extension is a bullish catalyst for platinum, palladium and rhodium, likely supporting higher spot and futures prices as supply remains constrained. Medium‑term, the continued demand from automotive catalysts and potential Chinese import activity could sustain upward pressure, though U.S. tariff clarity will be a key watchpoint.