Global Clean Energy Inc (GCEI)

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$GCEI> COMMODITIES: Start the car

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.


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