Could Platinum Become Cheaper Than Palladium?

Palladium Investing

Reuters reported that platinum prices could sink below palladium prices following a scandal over Volkswagen’s (ETR:VOW3) auto emissions.

Reuters reported that platinum prices could sink below palladium prices following a scandal over Volkswagen’s (ETR:VOW3) auto emissions.
As quoted in the publication:

Fears of falling platinum demand after the United States accused the German firm of using software for diesel cars that deceives regulators measuring toxic emissions pushed prices for the metal to a 6-1/2 year low of $925.30 an ounce on Wednesday.
Diesel autocatalysts, which help make cars more environmentally friendly, account for about 40 percent of global platinum consumption estimated at around 7 million ounces a year.

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