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Platinum's Luster Expects to Be Outdated by Palladium
May 7, 2010 @ 4:55 pm In Platinum Articles
Platinum is being outdated by Palladium because if a palladium-to-platinum ratio is made, the number of ounces of platinum needed to buy an ounce of palladium hit its highest since 2006 in April at 0.33, up from 0.20 a year ago.
David Wilson, an analyst at Societe Generale is quoted as saying:
“There seems to be a general acceptance that the palladium story is fundamentally stronger, largely because of the Chinese motor-vehicle sector, while the platinum motor-vehicle-catalyst market in Europe is still looking not particularly healthy."
Source: http://www.thejakartaglobe.com/anufacturing/palladium-expected-to-steal-platinums-luster/372643 [1]
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[1] http://www.thejakartaglobe.com/anufacturing/palladium-expected-to-steal-platinums-luster/372643: http://www.thejakartaglobe.com/anufacturing/palladium-expected-to-steal-platinums-luster/372643
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