More than 14 countries and over 20 cities around the world are planning to ban the sale of passenger vehicles (primarily cars and buses) powered by fossil fuels such as petrol, liquefied petroleum gas and diesel to varying degrees by 2040. Reasons to ban further sale of fossil fuel vehicles include reducing health risks from
The release of the Tesla Singapore sales portal has sparked a topic of conversation around Electric Vehicles (EV). Singapore has announced the phasing out of Internal Combustion Engine (ICE) vehicles in favour of EV’s in an effort to tackle climate change and build a more eco-friendly city. While EV’s do not produce direct carbon emissions,
There has been a recent spike in catalytic converter theft around the world. Catalytic converter is an emission control device is found in both diesel and gasoline vehicles and contains Platinum (Pt), Palladium (Pd) and Rhodium (Rh). Given the asking price for per ounce of Palladium has increased by almost 200%, Platinum by 360% and Rhodium
Nornickel, the world’s largest producer of palladium and high-grade nickel, resumed some of its critical operations earlier this month after undergoing repair works to improve the safety of its facilities. The 86-year-old Nornickel boasts a whopping 41% share of world’s palladium mining production at 2,868,000 troy ounces. This figure is the highest since 2009. Now, with the mid- to long-term increment in palladium production
Here’s BASF’s new innovation for catalytic converter industry: BASF, a 156-year-old German Giant in chemicals, consumer and industrial solutions, announced in March 2020 their invention of tri-metal catalytic converter. It is reported that the approach would likely substitute between 20% and 50% of the high-valued palladium currently used with lower-valued platinum. This invention is applicable for light-duty
In a nutshell: The economic impact of COVID-19/ coronavirus has yet to put any significant pressure on prices for the platinum group metals But if containment fails and the epidemic becomes a prolonged global pandemic, the economic fallout will lead to palladium prices topping out around current levels with a 10% to 20% fall in
Today, we consider the investment case for the precious metal, platinum. I’ve identified platinum as “cheap” on these pages before and that is an adjective that still applies. In fact, now it is “even cheaper”. So should we be buying, selling, holding – what to do now? Why does anyone need platinum? Let’s start with
Sales of plug-in electric vehicles in China were almost four times those in the U.S. last year, and the gap is expected to widen this year. The world’s largest car market is engineering a massive shift over the next two decades away from cars with combustion engines toward battery-powered cars. It is a way for
The platinum market is expected to be broadly balanced over the year with a deficit of 65 000 oz forecast for this year. Above ground stocks are expected to end the year at 1.89-million ounces, which is a 3% decline on 2016 and in excess of 54% down from 2012 levels.This is according to the
Palladium prices rose to a two-year high in April, making it the biggest gainer among precious metals. Last month we outlined some of the factors contributing to the palladium price rise: a growing auto sector; a strong South African currency; a falling dollar; and bullish sentiment across industrial metals. However, as prices continue to climb, it’s
Mean reversion is one of the most powerful mathematical forces in the universe. (The “mean” is just another word for the “average”.) In mean reversion, extreme or random events may take you one way – but then they usually revert back to normal, or the average, over time. Mean reversion refers to the universal tendency
Platinum prices in 2017 have been outperforming the broader market, making the precious metal a worthy investment. The price of platinum has gained 9% this year from $905.70 on Dec. 30, 2016, to $987.60. These returns top the Dow Jones Industrial Average’s gain of 4.1% over the same period. What’s more, Money Morning Resource Specialist Peter Krauth predicts
