Will The Auto Industry End Up Out Demanding Palladium Supply - ABPT

Will The Auto Industry End Up Out Demanding Palladium Supply - ABPT
Palladium price has been gradually on the rise all year. In October, Palladium prices peaked and remained for a several weeks while gradually balancing out again.
ABPT (Asset Backed Palladium Token) give us a few reasons why this has happened.
“Well first of all, this is when we usually give the advice and recommendations to get involved in the investing side of such commodities, after they have peaked and balanced out for a few weeks is normally the best time to invest. If you invest when the commodity is at its peak, there is a most likely chance that it will drop in value for a few weeks before soaring again”
Daniel Stevenson, one of ABPT head developers also says, “A big reason for the outburst in Palladium is because of automotive industry, those involved in the manufacturing of catalytic converters for vehicles, and new vehicles being created at a fast pace is without a doubt a massive rise in the need for palladium.”
In addition, we have to look at; Palladium-using petrol-fueled cars are “the primary type sold in the two largest markets of China and the US claim ABPT. Basically, the more people that drive cars that require petrol, the more Palladium that is needed.” States Mr. Stevenson.
We have actually seen a drop in the market for platinum, telling us that investors are experiencing a market loss due to less and less people driving diesel fueled cars, and this is down to an environmental backlash. Therefore, Platinum loss turns out to be Palladiums gain.

In a year that has seen losses for most other commodities, it has been a phenomenal year for palladium, seeing double its value being reached inside a two-year period

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This release was published on openPR.