Commodity Trade Mantra

Posts Tagged ‘Catalytic Converters’

Palladium - The Only Precious Metal You Should Own Right Now

Palladium turned out to be the top-flying metal last year— while gold and silver were both grounded. While gold seems stuck near $1,200 & silver falling from its January highs, palladium has jetted off its lows and has just broken above key resistance, reaffirming its status as the highest-flying precious metal on the market.

World Platinum Investment Council: “We will help Investors"

What will the World Platinum Investment Council – launched by a group of six platinum producers in South Africa, do? It is an entity focused on helping investors. The purpose of WPIC is two-fold, to provide much better market data on platinum & in due course, develop the global market & help facilitate new routes for platinum investment.

Palladium Reaches 13-Year High Over $900 oz as Gold Trading Volumes Surge 66%

Palladium, mostly used in catalytic converters in cars alongside platinum, has advanced 25% so far this year on concerns about Russian supplies & as supply was cut by a mine strike that ended in June in South Africa, the 2nd-biggest producer. Tension over Ukraine led to US & EU slapping sanctions on Russia, the top supplier.

Platinum ETF Holdings Hit Record High - Set To Rise Further

Platinum holdings in physically backed exchange-traded funds have hit a record high after fresh inflows into funds listed in London and Johannesburg and are set to rise further as a strike in major producer South Africa grinds on. Platinum ETFs now hold a record 2.215 million ounces.

China Needs PGM's Now Amid Stringent Emissions Standards

While Beijing struggles to reduce its air pollution there is another technology close to commercial production that will eliminate vehicle emissions all together, again using a healthy amount of PGM’s – Catalytic converters will play a major role in the global push to improve air quality.

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