Why are platinum shares falling?

The council said platinum supply should fall 1% in 2022 as a backlog of semi-processed material in South Africa runs out. It said it expected demand, which dropped last year as a sharp fall in purchases by investors more than offset higher consumption by industry and jewellers, to rise by 7% in 2022.

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Why is platinum so cheap right now

Whether silver is used in diesel vehicles (in some catalytic converters). Palladium is used for gasoline cars. Just as diesel gave way to gasoline, silver gave way to palladium. The price of palladium is now almost at the maximum and is about $1,500 per ounce. (You can see how unusual this situation is now in the document below).

What is the current value of platinum

from 3417 dollars. The chart above the TV shows the price of In-Platinum USD per gram today. You can access platinum release information in Pounds Sterling (GBP), Euros (EUR) and United States Dollars (USD) in your own variety of real-time generated images at any time.

What is the outlook for platinum

Palladium is most likely related to platinum. Norilsk Nickel’s lower production forecast definitely speaks in favor of a higher palladium price
But ultimately, demand factors are why you think it will outperform platinum.
We expect palladium to rise reasonably but platinum to decline.

Why do gold prices rise and fall

Gold prices hit an all-time high after the financial impact of COVID-19. Rarely
The metal has a higher value as central finance lowers interest rates and sells spot. investors
According to the World Gold Council, financial firms have added a robust record 734 tons worth $39.5 million to their top 50% for 2020, according to the World Gold Council.

See also  How much is a bar of palladium worth?

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Is platinum a good investment 2021

Platinum rose less sharply to just over $1,170 an ounce. The WPIC has documented that the market experienced an oversupply of around 8 million per year at 1.23 million ounces in 2021, with a surplus of 652,000 ounces expected in 2022. Platinum supply increased 21% y/y after a 9% drop in demand.

Why are platinum shares falling

Shares of Platinum Asset Management SA tumbled on Thursday after the consensus forecast fell short of expectations for first-half earnings. The Australian fund manager’s shares fell 7.5% to AU$2.40.

Will platinum go up 2021

A major rally in platinum is expected while in 2021 due to supply cuts driven by rising demand, with the growing popularity of hydrogen largely driven by the energy source.

Is platinum a good investment 2022

After falling 43,000 ounces in 2021, investment demand is almost certain to increase by 329,000 ounces in 2022. According to WPIC, the platinum market will have a surplus of 652,000 ounces per year compared to 1.232 million ounces last year.

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