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Stock impact report

Slowdown in EV Transition Boosts Optimism in Platinum Markets [TheStreet.com]

Platinum Group Metals Ltd. Ordinary Shares (Canada) (PLG) 
Company Research Source: TheStreet.com
The auto industry consumes up to half of all the platinum produced annually while 80-90% of palladium is used within the auto industry. Switching to EVs therefore removes a large share of the market for these metals and would depress demand. Mining firms like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) can therefore have reason to expect that the price surge seen last year in PGMs is likely to mark a major turn in the fortunes of… Read More About Rocks & Stocks Rocks & Stocks (“R&S”) is a specialized communications platform delivering deep insights into the mining industry. It is one of 75+ brands within the Dynamic Brand Portfolio IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets ; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distributio Show less Read more
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