Writing for Sprott's Thoughts, David Franklin said today that he believes the long-term fundamentals for platinum-group metals (PGMs) are bullish, largely because air quality in China has reached "emergency levels."
Articles Tagged "china"
In its weekly bulletin, Platinum Today reported that this week, palladium prices were pushed up by the United States' debt deal, a weak dollar and strong third-quarter figures from China.
Palladium fell into a slump midway through August, but most analysts agree that it is still set to perform well this year.
MarketWatch reported that Deutsche Bank analysts said that while China's new pollution guidelines will likely be negative for coal, they may positively impact palladium.
MetalMiner reported that on Tuesday, Chinese palladium bar prices fell 3.1 percent, while US palladium bar prices sunk 2.3 percent.
Palladium is doing better than analysts predicted at the start of 2013.
MetalMiner reported that yesterday, Chinese palladium bar prices fell by 5.7 percent, while prices for US palladium bars went up by 1.7 percent.
A brief overview of palladium price developments, supply and demand and significant market movers.
Reuters reported that precious palladium reached its highest in 17 months because of a robust forecast for demand and possible supply deficit.
Reuters reported that palladium has reached a 16-month high, buoyed by upbeat data on the world’s two biggest economies.