PGM prices tumble as tariffs shake global vehicle industry
Though SA’s precious metals are excluded from Trump’s sweeping levies, at issue is the effect on sentiment
06 April 2025 - 17:28
Platinum group metal (PGM) prices fell further on Friday after Thursday’s rout as US President Donald Trump’s sweeping tariffs on imports to that country took effect.
Investors expect the 25% tariff on all vehicle imports will drive up car prices in the US, slowing domestic demand and spurring carmakers worldwide to cut production...
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