nab2807

Of Wars and Strategic Metals

I recently bought some physical palladium through its ETF at around $300/ounce. I agree with you regarding its relative cheapness with platinum. We are already noting a shift by automakers who are looking to use palladium in place of platinum in catalytic converters as far as possible.

Palladium has a market surplus but I believe this is essentially already priced in and recent evidence has shown a gradual reduction of surplus as demand picks up.

Today we've seen the fall in oil prices bear down on the palladium price. However not factored in is the positive effect lower oil prices are likely to have on auto demand. Medium and long term palladium is definitely a good bet