As of 30th April 2025, spent autocatalyst remain exempt from the slew of new tariffs, which should support the tentative recovery that began in 2024. For the full year, total supply from spent autocatalysis is expected to rise by 4%. As will be the caveat across every segment under review, barring further complications from tariffs, that could disrupt material flows, global recycling is forecast to increase by 3% Year-on-Year [YoY] to 1,573 koz in 2025.
Regionally, North America and Europe are expected to post low single digit growth, with recyclers reporting improved availability of end-of-life vehicles or spent autocatalyst from scrap yards, in part due to improvements in new vehicle sales.
In China, the extension of the scrappage scheme, along with its expansion to include China IV compliant trucks, is anticipated to further support supply from this market. Jewellery scrap is forecast to decline by 2% year-on-year in 2025, primarily due to softer trends in Japan and China. However, as local jewellery fabrication improves, this is expected to stimulate a gradual recovery in secondary flows.
Meanwhile, although coming from a low base, electronics recycling is forecast to increase by 7% year-on-year in 2025 is said in the Platinum Quarterly 1Q, 2025, Prepared for World Platinum Investment Council.
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