DYOR13 Feb 2025 15:23
I'd suggest peeps take a look at why it was at 40p. MMs don't give a stuff about any stock - they get volume and make money of that drop it to induce buyers , ramp it up to create FOMO and off you go.
You'll find plenty if you dig hard enough.
However some of the Basics - push to 40p was based on the stock by MCAP being added to MSCI and pushing the likes of Blackrock into being forced to purchase. Remember them shorting their own position .
You can see on the EUA website it was much about Palladium (Nornickel next-door).
At the time Palladium spiked at just over $3000 an ounce - EUA were talking about a global deficit and production which hasn't happened . The current price is $1000 per ounce.
" Palladium supply and demand in 2025
The auto sector accounts for 80 percent of palladium demand, making it by far the most important driver.
According to the World Platinum Investment Council's five year outlook for palladium, auto sector demand is seen growing "modestly," rising to a high of 8.5 million ounces, below the pre-COVID record of 9 million ounces.
However, this will be offset by lower levels of jewelry and industrial demand.
The firm predicts that the palladium market will transition to a surplus from 2025, with oversupply forecast to hit 897,000 ounces by 2025. That will come on the back of a 1.2 million ounce increase in recycling supply.
In addition to scrap material, output from both Russian and South African mines is anticipated to return to historic levels, further supporting an oversupplied palladium market.
What is the palladium price outlook for 2025?
Christian’s prediction of a sideways palladium price suggests a range of US$900 to US$1,000.
This viewpoint is supported by a recent report from Heraeus Precious Metals. It states that the metal is likely to trade between US$800 and US$1,200, also based on increasing supply and weak demand.
Overall, the consensus seems to be that the palladium market will be weaker in 2025." Source INN Investing Network.
West Ktylin - you can look that up as a positive.
Nickel - China uses Indonesia .
Platinum and Copper are now the real plus points , however they do need a deal to complete . They still have Sinosteel. However I doubt 40p will be achieved . The market and the amount of potential buyers is much changed. Hopefully original investors recoup. However some new muppets could leave Newbies spiked imo....
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