Global Clean Energy Inc (GCEI)

[1jk1]

$GCEI > Precious Metals 2015 Forecast
PGM

http://www.scotiamocatta.com/scpt/scotiamocatta/prec/PGM_Forecast_2015.pdf


Autocatalysts
Autocatalysts accounted for some 73 percent of Palladium demand in 2013. The recovery in the auto industry from the 2009 recession and the substitution of Palladium for Platinum in autocatalysts has led to strong growth. 2013 saw a strong recovery in auto sales in North America, sales in China also surprised on the upside and those trends have generally continued in the first half of 2014. In the US, auto sales have averaged 16.4 million units in the first ten months of this year, compared with 15.5 million units last year. Chinese sales were up 9.8 percent in the January to October period, although sales growth rates have eased in recent months with October showing growth of 6.4 percent year-on-year. The degree to which Palladium has won market share from Platinum is shown by the fact that the amount of Platinum used in autocatalysts has dropped 23 percent since 2007, while the amount of Palladium used in autocatalysts has increased 52 percent over the same period. That said, the drop in Platinum’s use will not just be down to substitution and thrifting, it will also be due to the fact that the European auto market has been in the doldrums until this year and, with Europe’s preference for diesel cars, it means the lower demand for autocatalysts has affected Platinum-based catalysts more than Palladium-based ones. As discussed in the Platinum section, the outlook for the auto industry is for global sales to increase 3.2 percent in 2014 and 3 percent in 2015, according to Moody’s Investors Service. In terms of gross demand for Palladium, the auto industry is expected to grow around 4 percent in 2014 and in 2015.





PGM price surge in 2014/15 to lift fringe stocks
(dated)

http://www.miningmx.com/page/news/platinum_group_metals/1637848-PGM-price-surge-in-201415-to-lift-fringe-stocks


Go GREEN with Global Clean Energy a Enviromentally Friendly Waste 2 Fuel & PGM (Platinum-Group-Metals) Auto Catalysts Recovery Company.


http://www.globalcleanenergy.net/


GO $GCEIIIIIII


GLTA