The Conversation (0)
Jonathan Butler Interview: Platinum, Palladium’s Rise
Mar. 20, 2012 01:54PM PST
Precious Metals Investing
Mineweb reported an interview with Geoff Candy and Jonathan Butler about palladium and platinum’s recent rise.
Mineweb reported an interview with Geoff Candy and Jonathan Butler about palladium and platinum’s recent rise.
Johnson Matthey’s Publications Manager, Jonathan Butler said:
North America is important in terms of platinum demand – it takes about 14% of total gross demand and around about 20% total palladium demand according to our figures that we published last November. Of course things are looking slightly better in the North American economy now and one rapidly growing area is the use of platinum in heavy duty diesel emissions control, and that’s coming partly out of pent-up demand and also the modest economic growth that we’re seeing. I think if we look at other regions, it’s important to remember that Japan is also recovering from its disasters of a year ago and year-on-year, demand should be sharply up in Japan this year.