Platinum group metals: Dissecting the divergence
Written by: Donald Curtayne, Equity Analyst at Fairtree Asset Management
Over the last few years there has been a notable divergence in the price performance of the three main
platinum group metals (PGMs), namely platinum, palladium and rhodium. Since the broad-based
bottoming out of industrial metal prices in early 2016, the US$ price of platinum has continued to
languish, drifting down a further 5%. In stark contrast, palladium and rhodium prices have rallied by
approximately 180% and 300% respectively. This divergence has become increasingly acute recently…