Palladium to surge higher to $3000, platinum to hit new highs above $1375 – TDS

Platinum and palladium have surprised to the upside this year. Various mine site disruptions and other constraints will still limit supply growth, as investment and industrial demand stand . As such, supply-side developments will very likely help platinum and palladium, as reported by TD Securities.

Environmental regulations and mine site problems manna for PGMs
“Easy money and trillions in government spending, progressing vaccine programs across the Western world and China’s surprisingly strong economic performance, should all still be important upside catalysts into 2022 also , despite the microchip precipitated slowdowns in autos.”

“As the worldwide economic recovery continues and global pollution standards tighten, the recent mine site disruptions suggest hefty deficits and another attempt at $3,000/oz for palladium and new highs above $1,375/oz for platinum next year.”

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Palladium to surge higher to $3000, platinum to hit new highs above $1375 – TDS

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