Thursday, January 29, 2015 10:06:18 AM
http://www.financialmail.co.za/moneyinvesting/2015/01/29/commodities-start-the-car
PALLADIUM could be the metal to watch this year, because economic recovery supports automobile manufacturing and purchases.
The metal is used in autocatalysts in petrol vehicle exhaust systems to scrub out noxious gases. So any upturn in the automobile sector, particularly in passenger cars, implies increased demand for palladium.
SA is the second-largest producer of palladium after Russia. It is the world’s largest source of mined platinum, which is used to make autocatalysts for diesel motors and to produce jewellery, as well as for other industrial applications.
“Recent dramatic falls in the oil price have already brought about an increase in the sales of gas guzzlers in the US and other parts of the world, with significant implications for the demand for palladium in the short term,” says René Hochreiter, an analyst for Sieberana Research and Noah Capital.
Global vehicle sales could increase 4% this year to “new heights”, says Scotiabank’s Carlos Gomes in the Global Auto Report. He says Asia and North America will be the key drivers, with the latter expected to surpass the sales and production records set in 2000, when 19.8m vehicles were sold and 17.6m made.
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
"Everything i post is only my opinion"
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM