The looming Trump administration in the US has added further uncertainty to the outlook for platinum group metals (PGMs) this year, according to a report by Metals Focus, a leading research consultancy in the sector.

The report outlines how Donald Trump’s potentially inflationary policies, including blanket tariffs on Brics countries, could exert downward pressure on PGM prices by forcing the US Federal Reserve to keep interest rates high and weakening global economic growth...

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