From Multi-Year Highs to Higher Targets: UBS Adds $300 to Platinum, $100 to Palladium | Metals Mine

  • From Multi-Year Highs to Higher Targets: UBS Adds $300 to Platinum, $100 to Palladium

    From fxleaders.com

    UBS revised its price projections for palladium and platinum following a significant increase in both metals. Platinum prices have risen by almost $500 per ounce over the last four weeks, reaching a 17-year high, in part due to investor excitement over the European Commission’s proposal to relax its 2035 ban on combustion engine vehicles. According to UBS strategists Giovanni Staunovo and Wayne Gordon, the action, along with slower-than-anticipated adoption of electric vehicles, has raised expectations that demand for platinum in autocatalysts may be sustained for a longer period. Citing “higher investment demand ... (full story)

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