The Conversation (0)
Market Realist published a piece looking at the bullish case for platinum and palladium prices, arguing that a number of factors, including strong European demand, could be positive for the white metals.
Market Realist published a piece looking at the bullish case for platinum and palladium prices, arguing that a number of factors, including strong European demand, could be positive for the white metals.
As quoted in the publication:
European auto sales rose about 14% in November 2015, which gave a boost to both metals. Platinum and palladium rose 5.1% and 1.5%, respectively, on a trailing-30-day basis. The numbers could remain positive as 2016 advances.
Auto sales are predicted to be robust in the coming year, which will most likely give a boost to these precious metals. However, the new generation’s move toward electric and fuel-based cars may worry platinum and palladium investors. As these new vehicles do not use platinum and palladium, a switch may cause the prices to derail.