The Conversation (0)
Platinum Investing News reports platinum performed well in the first quarter of the year. Platinum’s rapid price crash in 2008 was exacerbated by panic overselling. While the metal may have been overbought, and prices may have been inflated by South Africa’s power woes, the fact that platinum is such a small market underpins the likelihood …
Platinum Investing News reports platinum performed well in the first quarter of the year.
Platinum’s rapid price crash in 2008 was exacerbated by panic overselling. While the metal may have been overbought, and prices may have been inflated by South Africa’s power woes, the fact that platinum is such a small market underpins the likelihood of overbuying. As demand for auto catalysts, the key PGM market, collapsed platinum was oversold. By the same token, PGM miners were quick to react on the supply side, cutting and rationalizing across the board, helping platinum prices regain lost footing.