It doesn't help that Pd inventories are at all time highs and would take a long time to bring down since even in a historical large deficit of say -500koz, there is 50 years worth of stockpiling. Additionally, I don't think the recent hybrid push is going to withstand the onslaught of EVs as the years tick by (emissions, cost etc) and hydrogen cars are a complete dead end due to fundamentally terrible inefficiencies. Was looking at CHN for the nickel but the Pd dominant profile has me holding back.
Why the shorters are going to win, page-37
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