Much price volatility is predicted for palladium – primarily an industrial metal for use in autocatalysts – over the next year, driven particularly by unpredictable trade sentiment as the US/China dispute unfolds, says multidisciplinary research team Afriforesight’s chief precious metals analyst Jason Welz. He says the effect of this should be twofold – influencing investment demand as a safe-haven asset and the more direct effect of trade sentiment, which is expected to impact on automotive demand.
