The market for palladium has a deficit with a surplus for platinum
The emissions scandal has fundamentally altered the landscape for vehicles powered by diesel and gasoline engines and, by extension, platinum and palladium. The former is seeing demand decrease, and the latter is seeing demand increase as there is a shift away from diesel-powered cars towards gasoline-powered cars.
The two tables reveal that the platinum market has a surplus, with supply exceeding net demand. Except for industrial demand, every other segment, including autocatalyst, jewelry, and investment, is in decline. While supplies from mining have stayed roughly the same, platinum recycling is adding to the surplus of platinum in the market. The trend is clearly bearish for platinum.
PALLADIUM LONG (Buy)
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