Combustion road vehicles and Platinum

Their prices have moved together.

Combustion road vehicles (energy) and Platinum (commodity): 1 relationship.

How they are linked

1. Price link: car demand

Cost and price · Moderate · Both ways

Most platinum demand depends on combustion-engine vehicles, especially diesel trucks. The proxy is a US car price index, which follows inflation rather than car volumes, so the correlation is slightly negative (-0.15 monthly).

• -0.15 monthly change correlation
• -0.32 12-month change correlation
• -1.04 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.