Normal
Palladium is mostly a byproduct metal so I don't know of Oz stocks that will get leg up from the price spike. Panoramic have Panton and Thunder Bay PGM resources available but neither is operational.About 80% of the market is in auto and electronics. I expect auto makers will prefer platinum now that palladium is overpriced. It takes time to adapt so I reckon high prices could stay for a few more months.Pundits are suggesting a big pullback. Looking ahead at price expectations for 2019, firms polled by FocusEconomics estimate that the average palladium price next year will be US$1050. The most bullish forecast for the year comes from Citigroup Global Markets, which is calling for a price of US$1175; meanwhile, Liberum Capital is the most bearish with a forecast of US$941.
Palladium is mostly a byproduct metal so I don't know of Oz stocks that will get leg up from the price spike. Panoramic have Panton and Thunder Bay PGM resources available but neither is operational.
About 80% of the market is in auto and electronics. I expect auto makers will prefer platinum now that palladium is overpriced. It takes time to adapt so I reckon high prices could stay for a few more months.
Pundits are suggesting a big pullback. Looking ahead at price expectations for 2019, firms polled by FocusEconomics estimate that the average palladium price next year will be US$1050. The most bullish forecast for the year comes from Citigroup Global Markets, which is calling for a price of US$1175; meanwhile, Liberum Capital is the most bearish with a forecast of US$941.
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