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Demand for platinum and palladium in auto sector set to rise as regulations tighten

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Platinum demand from the automotive sector is expected to be 25% up on 2020, reaching almost three-million ounces this year, World Platinum Investment Council (WPIC) research director Trevor Raymond says, partly attributing the projected increase to the Euro 6d and China 6a emissions regulations coming into force and being applicable to all vehicles sold in Europe and China respectively. This stands to affect some 31-million passenger and light commercial vehicles this year alone, with both standards being much more stringent than their predecessors.

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