China's pollution supports price of palladium
The world is moving towards better environmental standards. Automotive manufacturers use more raw materials in their catalysts, and thus more palladium. With the increasing shift from diesel to gasoline and hybrid vehicles, more and more palladium is needed. Around 70 percent of palladium demand currently comes from the automotive industry.
Demand has also exceeded supply over the past eight years. For 2019 experts expect a deficit of palladium again. This should drive the price up. In addition, precious metal speculators are becoming increasingly interested in this commodity. The positive fundamental market outlook - and if prices continue to rise as in recent months - should please producers. One of the largest is the South African company Sibanye-Stillwater - https://www.commodity-tv.net/c/search_adv/?v=298572.
It produces platinum metals in South Africa and also in the USA and is also one of the major gold producers. In the first half of 2018, sales increased by 24 percent compared with the first six months of 2017.
Another raw material without which clean energy is not possible is copper. Around 60 kilograms are used in an electric car. A booming infrastructure and higher consumption of consumer goods as a result of higher incomes (for example in China and India) demand more copper. Since the demand for renewable energies and electrification is increasing, it should not be wrong to rely on the reddish metal.
This makes for instance Panoro Minerals - https://www.commodity-tv.net/c/search_adv/?v=298566. With copper-gold projects in mining friendly Peru, two well advanced and two in an early phase, Panoro Minerals is in the best area and on track to generate shareholder value.
Current corporate information and press releases from Panoro Minerals (https://www.resource-capital.ch/en/companies/panoro-minerals-ltd.html) and Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd.html).
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