An equity analyst is evaluating a company that specializes in manufacturing catalytic converters. Given the current trends in the automobile industry and environmental regulations, how might shifts in these areas most directly affect the demand for platinum by this company? The increase in gold prices will significantly boost the demand for platinum, as jewelry manufacturers switch from gold to platinum. The implementation of stricter emission standards will likely reduce the demand for platinum, as car manufacturers will reduce production. The rise in popularity of electric vehicles (EVS) may decrease the demand for platinum, as traditional internal combustion engines are replaced with electric engines, which may require fewer catalytic converters.

An equity analyst is evaluating a company that specializes in manufacturing catalytic converters. Given the current trends in the automobile industry and environmental regulations, how might shifts in these areas most directly affect the demand for platinum by this company? The increase in gold prices will significantly boost the demand for platinum, as jewelry manufacturers switch from gold to platinum. The implementation of stricter emission standards will likely reduce the demand for platinum, as:car manufacturers will reduce production. The rise in popularity of electric vehicles (EVs) may decrease the demand for platinum, may require fewer catalytic converters