Outlook remains firmly positive
With the expected recovery in chip supply in mid-2022, we forecast a positive outlook for PGM prices except for palladium, which is likely to suffer from loss of market share because it is used mainly in gasoline ICEs and in diesel to a lesser extent. However, this decline in sales could in part be offset by higher PGM loadings due to stricter emissions regulations, which are likely to be tightened further.
The outlook for platinum, iridium and ruthenium over the next two decades is positive. These have exclusive catalytic properties in the generation of hydrogen within the fuel cell battery. We see a balanced market for platinum in the short term followed by large deficits from the late 2020s onwards due to growing demand from the developing hydrogen economy. For palladium, we see growing surpluses and for rhodium large deficits to 2028 followed by surpluses thereafter. The basket price of the metals for South African producers is forecast to average $2,520/oz between 2022 and 2030, 2.5x the prices achieved before 2019. Winners: South African PGM producers like Sibanye Stillwater, Sylvania Platinum and Tharisa. Losers: Northern Hemisphere PGM producers like Nornikel, Stillwater mine and Impala Canada.
https://www.edisongroup.com/thematic/the-pgm-markets-outlook-and-price-forecasts/
- Forums
- ASX - By Stock
- Ann: Change in substantial holding
Outlook remains firmly positiveWith the expected recovery in...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POD (ASX) to my watchlist
|
|||||
Last
3.1¢ |
Change
0.003(10.7%) |
Mkt cap ! $14.09M |
Open | High | Low | Value | Volume |
3.0¢ | 3.1¢ | 3.0¢ | $1.54K | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 111428 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 125000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.029 |
2 | 70672 | 0.028 |
2 | 110000 | 0.027 |
1 | 40000 | 0.026 |
1 | 25000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 125000 | 2 |
0.033 | 49875 | 3 |
0.035 | 35829 | 2 |
0.036 | 141000 | 1 |
0.043 | 150000 | 1 |
Last trade - 11.27am 11/09/2024 (20 minute delay) ? |
Featured News
POD (ASX) Chart |