RE: Commodities bouncing16 Aug 2018 17:10
Trump effect - predict Armageddon and then save the day with a deal in his favour. PGM's hammered in dollar terms but flat to up in other currencies. Platinum recovered to $792 or put another way, dollar weakness showing up as a rise in pgm's.
Short term it's bad for sentiment and hence bad for JLP, medium term some production from mines must be in doubt.
I see hydrogen fuel cells are being 'bigged up' again in the press. Buses all over the world converting to hydrogen and infrastructure for refuelling being extended in many countries. It looks like large vehicles and long distance vehicles are going down hydrogen route and short distance the battery route. Hydrogen vehicles need platinum.