The Quiet Substitution: How Platinum Is Eating Palladium's Lunch
For two decades, autocatalyst makers swapped platinum for palladium. Since 2020, the trade has run in reverse, and the implications for both metals are huge.
May 9, 2026
For two decades, autocatalyst makers swapped platinum for palladium. Since 2020, the trade has run in reverse, and the implications for both metals are huge.
Battery electric vehicles need no catalyst. So is platinum's biggest demand pillar collapsing? The answer is more nuanced than the headlines suggest.