1 November 2018: Upcoming China emissions regulations look likely to have a meaningful impact on PGMs demand: We highlight the likely impact of the upcoming China 6 emissions standards on platinum and platinum group metals (PGM) demand. The combination of tightening emissions standards and continued auto production growth means that China’s appetite for these metals has significant room to grow.
Platinum Perspectives
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1 October 2018: The palladium premium is a potential platinum opportunity: We highlight the sustained palladium price premium to platinum and the potential effect on platinum demand. Historical substitution trends among platinum, palladium and rhodium in automotive catalysts mean that a sustained significant price premium of palladium over platinum looks unlikely.
15 September 2018: ETFs are an essential component of platinum demand: We highlight that Platinum ETFs, being physically backed, form an essential part of the annual platinum demand as vaulted allocated bars backing them are purchased in the spot market.
1 September 2018: Selective Catalytic Reduction systems do use platinum: We explain that Selective Catalytic Reduction (SCR) systems on diesel cars do not remove the need for platinum. Achieving low on-road NOx emissions should see higher platinum loadings on LNT and SCR emissions control systems.
1 June 2018: The palladium price is important for platinum investors: We outline how high demand and consecutive deficits increase risks to automakers of insufficient palladium and are a potential driver of substitution by platinum in gasoline cars.
1 May 2018: We look at fuel cell electric vehicle (FCEV) adoption, a potential driver of platinum demand: The similarity of fuel cell power growth to past growth in wind and solar power has not been widely recognised.
1 April 2018: Platinum’s attraction to gold investors: We highlight platinum’s precious metal attributes that could appeal to gold investors.
1 March 2018: A new platinum ETF in the US adds a vehicle to invest in platinum: We address why the launch of a new ETF in the U.S. could increase investor interest and investment demand for platinum.
1 February 2018: Platinum loadings in diesel cars could well rise: We discuss automakers’ potential emissions strategies and the desire to avoid any risk of exceeding legal limits in real world driving conditions.
1 January 2018: Diesel cars may still be needed to meet carbon dioxide targets: We explore whether new car CO2 will continue to rise, and whether diesel will continue to be a negative for platinum sentiment.