China’s vehicle sales rebound bodes well for platinum group metals demand

The rebound of car sales and heavy-duty vehicle sales in China bodes well for platinum group metals demand as the world’s coronavirus lockdowns ease. A weekend Kitco News video on Platinum Group Metals president and CEO Michael Jones outlined the spurt in car sales in China and a note on LinkedIn by World Platinum Investment Council (WPIC) research director Trevor Raymond, together with WPIC manager investment research David Wilson and WPIC manager investment development Brendan Clifford, spoke of the quick recovery in Chinese heavy-duty vehicle production being under reported.