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3.9¢ podium minerals limited

Record Platinum deficit 23/24 -POD AUS largest Plat resource, page-135

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25/03/24

11:13

Post #: 73040534
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Originally posted by Sharetrader78: ↑

https://moderninvesting.substack.com/p/challenging-the-ev-and-esg-narrative

Platinum Group Metals (PGMs) are likely the most under appreciated commodities in the world. Prices have dropped considerably over the last years, politically instability has risen and net short positions have reached a record high. Meanwhile the major PGM producers are down 75-80% from the highs.

Demand for PGMs is highly correlated with sales of ICEs and Hybrids. Hybrids require even more PGMs than ICEs, while EVs require basically none. So the question is how does the industry currently reacts to higher sales in ICEs and lower demand growth then expected for EVs? Well, producers such as Volkswagen, Mercedes, Ford, etc, are scaling back their ambitions in regards to the EV space.

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Russia been selling the kitchen sink too which adds to the the over supply
They will run out soon so the market will have to factor in less supply and higher demand
I think a Trump victory will also be positive
Still buying $PLAT

POD Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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Last 3.9¢		Change 0.001(2.63%)		Mkt cap ! $17.73M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.8¢	$14.00K	358.4K

Buyers (Bids)

No.	Vol.	Price($)
2	178138	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	35002	1

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No.	Vol.	Price($)
2	178138	0.037
1	161111	0.036
3	139650	0.035
2	311530	0.034
1	31250	0.032

Price($)	Vol.	No.
0.039	35002	1
0.040	140269	2
0.044	500000	1
0.045	24875	1
0.047	21334	1

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