Global Precious MMI: Platinum-Palladium Price Spread Widens | Metals Mine

  • Global Precious MMI: Platinum-Palladium Price Spread Widens

    From agmetalminer.com

    The Global Precious Monthly Metals Index (MMI) fell one point for a June MMI reading of 93, marking the third consecutive month of decline for the MMI.Contrary to historical trends, the palladium price has soared past the platinum price for approximately a year and a half now. Last month, however, MetalMiner’s Taras Berezowsky noted a short-term shift against that trend, as the spread between the two metals narrowed to $479 (palladium fell 2.6%, while platinum rose 4.5%). As Berezowky noted, a recent poll forecast the platinum-palladium price spread to average $485 per ounce this year. This month, however, both ... (full story)

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SurfsUp
Jun 11, 2019 9:06am
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Trying to understand these price increases in Palladium today. Perhaps this article sheds some light. Palladium shortage.

According to consultancy Metals Focus, palladium will post a supply deficit this year while platinum will be in surplus, which will continue to maintain the premium palladium has obtained over the last 18 months.

I am thinking of a buy in palladium in the near term.
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