My Prediction For 2018 — This Forgotten Metal Will Soar

In other words, investors didn’t think demand for platinum would come, so they didn’t buy platinum. And so, the price fell.

From a supply perspective, platinum is far worse off than either zinc or copper. Platinum isn’t widespread. Most of the existing mines are deep, old and running out of metal. There aren’t many new platinum mines on the horizon.

Add that to low prices (which spur demand) and a stronger European economy (that prefers diesel cars). That will change platinum’s fortunes in 2018. It wouldn’t surprise me to see platinum prices rise 25% next year.

1 2
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Michael Molman 10 months ago Contributor's comment

I agree that #platinum does present an interesting oppurtunity. I intend to watch for an actual uptrend before investing though.