An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising supply and stagnant demand erode prices of the metal used to neutralize vehicle exhaust emissions. mining
An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising supply and stagnant demand erode prices of the metal used to neutralise vehicle exhaust emissions.
Meanwhile, supply from recycled cars is rising as those containing more palladium reach the end of the road.“We see prices coming down gradually every year,” said Michael Widmer, an analyst at Bank of America. “Palladium is a one trick pony. Demand relies pretty much 90% on the auto industry.”Rising EV production is a headwind to palladium demand
Macquarie sees demand from automakers rising this year and next and no palladium oversupply until 2025.
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