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Car scrappage scheme affects platinum demand

Car scrappage schemes across Europe have led to a fall in platinum demand as car-owners opt for smaller petrol cars rather than diesel engines, affecting catalytic converter trends.Smaller, cheaper cars tend to use palladium in their catalytic converters while diesel engines use platinum. Therefore incentive schemes have helped to push European platinum demand for the automotive sector down by 45.7 per cent or 900,000 oz to 1.07 million oz. Additionally, ...