Platinum the next big riser9 Dec 2019 17:19
Really guys I cannot fathom why you are letting these fools wind you up?
They ignore the fact that PGM's incorperate a whole basket of metal types.
Palladium as we know is in short demand, and that the infastructure of electric is way off where is would need to be for palladium to be an irrelevance, the metal is in high
demand in all forms of powered vehicle, including hybrids whcih are not going away any time soon.
The next big riser is forecast to be platinum which will add even more margin to EUA never mind rhodium ($5900 oz).
EUA is perfectly placed and poised for a serious re-rate at any time in the near future.
Palladium, platinum, rhodium, ruthenium, iridium and osmium form a group of elements referred to as the platinum group metals (PGMs).
https://investinghaven.com/forecasts/platinum-price-forecast/
Our annual platinum price forecast is one of those important forecasts because of the upside potential of this grey metal.
According to our platinum forecast we expect a bullish breakout between 2020 and 2022. Platinum’s price ultimately has an upside potential of 80% ($1800/oz)
and a base case bullish upside of 30% ($1350/oz). These forecasted price targets will likely be met in 2021 or 2022. The prerequisite is that platinum has to cross $1100/oz.
Our 2020 forecast for platinum is mildly bullish while our 2021 forecast (going into 2022) is wildly bullish. We consider this platinum price forecast to be one of the must
read forecasts of InvestingHaven’s research.