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IPMI and Industry News: Industry News

BMO: Palladium Market Outlook

Wednesday, January 9, 2019  
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BMO: Palladium Prices Still Soaring; Substitution Risk High

Spot palladium prices hit yet another record high early Wednesday, but this could ultimately mean the risk of substitution toward more use of sister metal platinum in auto catalysts, says BMO Capital Markets. Analysts say for now, palladium remains underpinned by Europe‚Äôs shift away from diesel-powered engines, which require platinum instead. - Kitco 01/09/2019

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