The car market stands to do well as the coronavirus vaccinations rollout around the world and people exorcise their lockdown demons with day trips and beyond. While that should be good for this year’s sales of new and second-hand vehicles, there may be longer-term value in companies such as Johnson Matthey that invest in cleaner cars and better batteries.
Johnson Matthey
Market cap £6bn | Revenue £14.6bn | Underlying op profit £539m
The soaring price of platinum, a key element in cars’ catalytic converters, has drawn thieves and, accordingly, replacement orders at Johnson Matthey, one of the leading producers.
Happily, the FTSE 100 company has a lot more going for it than criminal activity. The converters play into the environmental vibe, extracting carbon monoxide,
