Under Pressure

Fin24 reports on the slowing platinum market suggesting palladium is now the better investment as car manufacturers use the metal more and more.

The market news is quoted as saying,

In the past two years, the US has fallen in love with palladium, which works as well as platinum as a catalyst. Japan and most other motor manufacturers in the East have long since preferred the cheaper palladium to platinum. It’s basically Europe and its micro-diesels – now becoming very popular in SA – that really rely so heavily on platinum, making us feel so sure of our industry. Without new economic activity in Europe, demand from that source won’t be anything to write home about.

For the complete market news, click here.