Platinum, Palladium Price Forecasts: Johnson Matthey Too Bullish?

Summary: According to a recent report from Johnson Matthey, both platinum and palladium are poised to go much higher for the rest of 2013. This analysis from Metal Miner though disputes JM’s claims, and say they may be too bullish. While the glass industry is still the biggest driver, JM believes the automotive sector will provide the impetus for higher PGM prices. They cite increasing auto sales in the US and China, but other numbers suggest that demand for new autos may be waning. If auto sales in both countries continue to stagnate or decline, PGM metals will not perform as well. Read more…