Platinum Deficits to Persist as EV Rollout Slows, Valterra Says

A slower-than-expected rollout of electric vehicles will help keep platinum-group metals in supply shortfalls over the coming years, according to the chief executive officer of major miner Valterra Platinum Ltd.

The EV boom had long weighed on platinum and sister metal palladium, as a large chunk of production is used in catalytic converters to curb pollution from internal combustion engine vehicles. Still, a slower-than-expected adoption of EVs in some markets has helped boost sentiment around the metals