Palladium Oversold and Platinum’s Attractive Fundamentals

In the latest Platinum Perspectives article published by the World Platinum Investment Council, we see how the fall in palladium prices has closed its differential to platinum. This is the first time since 2018 that the sister metals have been priced near parity.

Given the long-anticipated decline in palladium prices, with the metal projected to move into surplus by 2025, investors are predominantly holding short positions, exposing it to potential short-covering rallies.

Conversely, platinum’s market fundamentals appear significantly more favourable, with an ongoing deficit expected until at least 2028. This positive outlook should manifest in price adjustments once automaker inventory adjustments conclude.

Read the full article here.

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