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Palladium, a noble metal, has recently attracted the attention of investors, as the data show a structural deficit of this metal caused by the growing demand of the automotive industry.
These unexpected and rare conditions led to a rise in the price of palladium above the $ 1,200 level for a fine ounce, which earned the palladium an almost equivalent gold value.
For those who wish to learn how to manage palladium prices or who simply want to learn more, the Capital Foundation has prepared a free electronic brochure entitled "How to invest smartly". The brochure is suitable for all levels of knowledge and can be downloaded via the link below.
Download the free electronic brochure "How to invest smartly" here.
Palladium in the automotive industry is used to produce catalysts used to reduce harmful gas emissions.
More stringent environmental protection regulations encourage increased demand for this metal. The demand for palladium reached new highs in parallel with the increase in the production of catalytic converters for gasoline after the scandal of the "dieselgate" that has compromised the company. Volkswagenfollowed by the demand for diesel vehicles.
According to many experts, the structural deficit in palladium entered the tenth year in 2019, due in particular to the increase in deficits and the strike of South African mining workers. In addition, demand for palladium in China is expected to remain high.
Download the free electronic brochure "How to invest smartly" here.
Sources: RS Capital, Investopedia, Reuters
This text has been prepared and approved by the investment advisor Aleksandar Zavišić, Kapital RS Inc. ad Belgrade, Severni bulevar 6, investment company under the control of the Securities Commission of the Republic of Serbia, license number: 5 / 0-02-672 / 18-16.
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steed
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