WPIC – Moves to Boost Defence and Aerospace Spending Could Be Positive for Platinum Group Metal Demand

Moves to boost defence and aerospace spending could be positive for platinum group metal demand.

The report discusses NATO countries' commitments to increase defense spending to 5% of GDP by 2035. It highlights the importance of platinum group metals in defense and aerospace applications such as avionics, electronics, lasers, optical systems, aircraft engines, and infrared suppression systems. The development of new technologies, such as hydrogen fuel cells, which also require platinum group metals, is also covered.