Is platinum’s rally the start of bull run?, page-24

Institutional investors expect the price of palladium to rise in the coming months, according to new research.Having surged from US$500 to around $2,700 over the past five years, a poll of 150 European pension funds found that 55% expect the price of palladium to reach between US$2,801 and US$3,000 per oz in the third quarter of 2021, with another 18% expecting the price to rise to a range of US$3,000-3,200.The price has been driven higher by a production deficit and tighter emissions standards in Europe and China, where demand for the metal comes mainly from use in catalytic converters in petrol powered vehicles and hybrid electric vehicles.Of the surveyed pension funds, which together managed a combined US$213bn of client assets, 23% expect the price to remain in a range of between $2601 - $2,800 per oz.The study, which was commissioned by Global Palladium Fund (GPF), shows that 43% of the pension funds expect to increase their allocation to the precious metal over the next 12 months, compared to 15% who expect to underweight the metal. QUOTE from article in UK
IPT will soon know the extent of the PGE resource at Broken Hill , looking forward to the results IMO.