If the Hydrogen energy projections come to fruition, then Pt will become the metal to own. Pd will still be in demand, but Pt is superior in hydrogen fuel cells and electrolysis. Short sellers in both Pd and Pt overplayed their hands and are now feeling the squeeze.
While they can create and sell gold paper in almost unlimited quantities, there isn't enough Pd metal available in reserve when the buyer asks for delivery. Catalytic converters can't be fabricated with "paper" metal. CHN with both PGMs is in a unique position, but how much the current share price should fluctuate with the variations in the metal spot prices is just guess work.
If the Hydrogen energy projections come to fruition, then Pt...
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Last
$1.46 |
Change
-0.050(3.31%) |
Mkt cap ! $567.9M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.51 | $1.45 | $3.052M | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12500 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 12900 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |