PGMs Update - Platinum: In Need Of A Catalyst

Summary

PGMs have begun the third quarter on a positive note, paring some of the losses sustained in the April precious metal slump. Despite having reached a two-year high vs the gold price, platinum is currently trading at an eleven-year low compared to the palladium price. While supply-side dynamics are price-supportive for both platinum and palladium, in the near term demand drivers are likely to favour palladium, which is more exposed to the strong growth of the US and Chinese auto sectors. 

Please click here to read the report