July 16, 2008
Decline In Platinum Demand
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Followers of our weekly review roundups may recall the reservations we wrote of concerning the price of PGMs and platinum in particular. The point we were making was simply that while we were bullish of gold and silver, we had concerns for PGMs in a world where industrial activity was likely to slow.
Today we note that car manufacturers in the US are likely to experience sales declining to a fifteen year low and one major Japanese manufacturer has already announced that it is cutting its 2008 sales target by 350,000 units.
Palladium platinum shortfall in demand