A global commodities expert says palladium prices look set to rise over the next two years, and platinum could start behaving more like gold and less like an industrial metal due to Chinese jewellery demand.
Supply is very regional, said
Guests heard how the two metals are traded differently to gold as they are seen as semi-industrial. "Palladium in particular is used in the auto-catalyst industry which uses around 65 per cent of stocks and jewellery demand is still relatively small. Platinum however, although also used in industry, has a larger percentage going to jewellery, around 30 per cent. We expect the demand from
In answer to a question from the audience with regard to a precious metals portfolio,
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