Major Optimism for Platinum, Silver, and Copper
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Global platinum demand will increase by 5 percent in 2019, the World Platinum Investment Council (WPIC) forecasts in its latest Platinum Quarterly report, released Wednesday (March 6). Platinum demand is expected to increase to 7,740 ounces thanks to a substantial rise in investment demand, which offsets weaker forecasts in automotive, jewelry and industrial segments. “It […]
While palladium has eclipsed gold for the first time in 16 years, analysts believe that the climb is expected to slow down, eventually leaving the precious metal to slide behind gold but still topple the lacklustre platinum. On Tuesday (January 29), Reuters released a poll of 29 analysts and traders which concluded that palladium’s uptick, which […]
The price of platinum dropped almost 16 percent in 2018 and took a major back seat to its sister metal palladium over the course of the year. Since the precious metal is primarily used in catalytic converters for diesel-powered vehicles, the lack of demand for diesel-powered cars in Europe and China throughout 2018 weighed on […]