Palladium and Platinum With the global economy healing and automobile demand hot, SPPP is soaring, as the metal is used to produce catalytic converters. Automobile manufacturing demand is expected to send palladium to another supply deficit. “We’re expected to outstrip supply for multiple years out,” said Phillip Streible, chief market strategist at Blue Line Futures in Chicago, in an interview with Reuters. But SPPP isn’t solely dependent on palladium upside. The trust is getting a lift from platinum, which notched its best week in almost two months last week. “Both palladium and platinum are used as emissions reducing catalysts in automobiles but palladium is used more in gasoline engine,” according to