Palladium28 Oct 2019 22:26
Scarce supplies seal palladium's price dominance over platinumBY REUTERS
ORIGINALLY PUBLISHED: OCT 28, 2019
Email Twitter Facebook Pinterest Google+ Linkedin
LONDON — Gaping supply shortages will see palladium cement its price premium over sister metal platinum next year, according to a Reuters survey which showed analysts raising their forecasts for both autocatalyst metals.
Chiefly used in vehicle exhausts to reduce harmful emissions, platinum is favored for diesel engines and palladium is preferred for petroleum.
Years of oversupply and the declining popularity of diesel vehicles have halved platinum’s value since 2011 to around $900 an ounce, while undersupply more than doubled palladium prices over the same period to some $1,750.