Supply and demand dynamics have conspired recently to push up palladium prices at the expense of platinum. Johnson Matthey Plc, one of the world’s biggest producers of platinum-group metals, operates a major catalytic converter plant in Skopje, the capital of the Balkan republic of North Macedonia. North Macedonia has no domestic supply of platinum-group metals, and local new-car sales amount to only a few thousand units a year. ADADStill, the resilience of North Macedonian palladium imports should give anyone expecting this bubble to deflate overnight reason to pause. Without that sort of catalyst, prices could be elevated for a while.

Source: Washington Post January 20, 2020 07:41 UTC