Valterra Platinum says PGMs “will continue to be in a supply-demand deficit for a number of years" - Bloomberg interview

• A slower-than-expected rollout of electric vehicles will help keep platinum-group metals in supply shortfalls over the coming years.
• CEO said the pace of the transition to EVs has not been “as dramatic as some of the forecasts were".

The comments from Valterra Platinum underscore a persistent supply-demand deficit for platinum-group metals (PGMs), primarily due to a slower-than-anticipated adoption of electric vehicles. This suggests ongoing challenges for supply chains, potentially supporting higher prices in the PGM market while raising implications for related sectors reliant on these metals, like automotive and energy. Furthermore, it signals a need to reassess expectations around the EV transition timeline, which could influence investment strategies in this commodity space.