PRESS ROOM
Recent divergence between platinum and palladium may be a sign of things to come
Friday 04th November '22
Platinum and palladium diverged notably in terms of their performance last month. Platinum was up around 10% while palladium was down nearly 12% during October. According to Metals Focus, Platinum’s green credentials (given its use in the production of hydrogen), Chinese investor interest and growing substitution (of palladium in internal combustion engine cars) will see it weather economic turmoil better than palladium in 2023. In contrast, palladium is struggling to ward off the drag of battery vehicles, weak economic conditions, and lower cost metal alternatives.