02.07.2020 PALLADIUM Daily Analysis
Palladium, which goes into making the catalytic converters required for refining gasoline engine emissions, hit a record high of $1,440.35 per ounce
Yayınlanma: 2 Temmuz 2020 18:46
Güncellenme: 30 Nisan 2024 09:19
02.07.2020 PALLADIUM Daily Analysis
Palladium, which goes into making the catalytic converters required for refining gasoline engine emissions, hit a record high of $1,440.35 per ounce on its spot price on Jan. 17 amid a global shortage. The metal is expected to come under further pressure as carmakers face a potent mix of stricter emissions legislation, more rigorous testing, and more serious consequences for any failure to meet standards, materials specialist company Johnson Matthey PLC (LON:JMAT) Says. The deficit in the palladium market looks set to widen dramatically in 2019, with stricter emissions legislation forecast to stimulate double-digit rises in palladium demand from European and Chinese automakers.”JM’s outlook landed the same week as North American Palladium’s (TO:PDL) quarterly earnings, which cited a record net income Highest-ever underground mine production, combined with rising palladium prices, have resulted in the best-ever financial results in the company's history.” of $119.2 million for 2018 versus $36.1 million in
2017.
