EVENTS:   Semiconductors: Bubble Burst or Bear Market Trap? - David Scott/CHA-AM Advisors - 17 Sep 26     ROADSHOWS: US, European and Asian Equity Short Ideas - Robert Prather /Vision Research   •     15 Sep - 08 Oct 26      
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A Two-Speed Transition: Why it’s time to park the EV frenzy in EMs

Report by Sustainable Market Strategies

Almost all developed countries have fairly aggressive zero-emission vehicles targets, and shockingly, some of these targets could actually be met! However, it is a different story in EM countries. This means that the real automotive transition in EMs will be from highly polluting cars to less polluting ones, providing a tailwind for emission control technologies such as catalytic converters and their metallic components: platinum, palladium and rhodium. Companies featured in SMS' report include Umicore, Johnson Matthey and Sibanye Stillwater.

Edition 156 - 17 Mar 23