Platinum Becomes Essential Precious Metal Following EU's Reversal of Engine Ban

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Dec 18 2025

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Source: SeekingAlpha

Platinum's Rising Appeal: Jeffrey Currie from Carlyle Group highlights platinum as the preferred precious metal due to the EU's decision to lift its ban on internal combustion engines, which boosts demand for platinum in automotive catalysts. The platinum price has surged 119.2% year-to-date.
Debasement Trade Impact: Currie notes a broader "debasement trade" is driving up prices across metals, as investors seek alternatives to fiat currency, while carbon-based commodities struggle. This trend has positively affected platinum's market positioning.
Gold vs. Bitcoin: While gold remains a favored asset due to its historical stability and market size, Bitcoin is seen as still developing, lacking the same level of practical utility for discreet transactions that gold offers.
Emerging Market Dynamics: Emerging market central banks, particularly in China and Russia, are accumulating gold to mitigate risks from U.S. sanctions, contrasting with developed market investors who are turning to precious metals like platinum as a hedge against currency debasement.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.