Web17 hours ago · The technically powerful gold and silver bulls will be looking to buy the dips. June gold was last down $7.60 at $2,047.50 and May silver is up $0.165 at $26.095. … WebDec 22, 2024 · That’s reflected in Morgan Stanley’s forecasts, which see palladium at $1,850 an ounce in 2024 and then dropping to $1,210 over the longer term. The market may have already taken into account...
Platinum, palladium, rhodium fabrication demand to rise in 2024: …
WebMay 17, 2024 · Overall, palladium demand will rise faster than supply, and the market deficit will widen to over 800,000 oz. Rhodium: outlook for 2024 Rising vehicle volumes and tightening emissions legislation will lift auto demand by 11% in 2024. Industrial demand will recover strongly, after falling to 25-year lows in 2024, but will remain below normal levels. Web2 days ago · According to the World Platinum Investment Council, demand for PGMs will continue to grow in the automotive sector into 2040. PGM Supply. With forecasted demand in the coming years, it’s important to look at global PGM supply. Mine production of PGMs is currently dominated by a few countries, as is seen in the table below. margaret osburn baltimore
The Role of Palladium in the Automotive Industry: A Key Driver of Demand
WebMay 15, 2024 · Automakers use around 2.5-3 million ounces of platinum each year and around 8.5 million ounces of palladium. In its latest quarterly report, the WPIC said the roughly 8 million ounce a year... WebApr 11, 2024 · Industrial demand: Palladium is a critical component in catalytic converters, which reduce harmful emissions in automobiles. This demand may help support palladium prices. Supply constraints: Palladium is primarily produced as a byproduct of platinum and nickel mining, leading to potential supply constraints and increased prices. WebApr 21, 2024 · Spot palladium surged to a record high on bets that rebounding economies will fuel automaker demand, deepening supply shortfalls of the precious metal. … margaret orwin