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TD Securities’ Melek predicts platinum group will outshine other precious, base metals
May. 16, 2011 07:01AM PST
Precious MetalsMineweb reports that TD Securities says platinum and palladium fabrication demand will overwhelm PGM mine growth into 2013.
Mineweb reports that TD Securities says platinum and palladium fabrication demand will overwhelm PGM mine growth into 2013.
The market news is quoted as saying,
Melek asserts that a “perfect storm” is brewing for PGMs as “robust demand growth coming from the auto catalyst market and other industrial applications, and a lackluster and uncertain supply outlook are projected to dramatically tighten the PGMs market in 2013.”
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