Platinum stocks soar on kick from recovery in auto sales
MONEYWEB LIVESTREAM PGM prices are up on supply tightness and tighter environmental regulations. 12:46 Open: Open: Open: Image: Waldo Swiegers/Bloomberg A recovery in global auto sales and tightening emissions standards have driven rhodium prices to dizzying levels over the last month, propelling platinum to levels not seen in a decade. Last month autocatalyst manufacturer Johnson Matthey said the rhodium demand of roughly 1 million ounces a year was under-supplied by 84 000 ounces in 2020, and that shortfall will likely continue in 2021 as global vehicle sales are expected to record a...
Source: moneyweb.co.za