Page 29 - Bullion World Issue 11 March 2022_Neat

Bullion World | Issue 11 | March 2022

This is far more limited. this is would be a far more
limited move than what’s previous cycle would have
normally resulted in it. Indeed, if the previous slide,
expectations are proven true, the secular decline that
we can see in this chart in policy rates that has been
placed since the early 80s.

Source: Metals Focus – PGM 5-Year Quarterly Forecast

As far as PGM’s concerned the chip shortage crisis
that we had been a massive head. For palladium
demand over last 12 months frustratingly just the
semiconductor prices. Demands from consumers
for new vehicles has been extremely strong. PGM
Source: Metals Focus – Silver 5-Year Quarterly Forecast demand from this is very important sector that
accounts for the lion’s shares of all three metals.

Source: Metals Focus – Silver 5-Year Quarterly Forecast Source: Metals Focus – PGM 5-Year Quarterly Forecast

Silver industry demands very healthy games, which we Platinum was in a sizable market surplus where
expect will continue in the foreseeable future. Whether palladium was in market deficit changing supply
this is due to proliferation of green energy technologies demand condition that are currently underway.
that are heavy users of silver. So far improvement of Russia and Ukraine and the impact this may have on
the driving experience and electronic components the market and the extent to which this impact can
that are in there healthy growth in the years ahead for be lasting. Russia is very important to the palladium
silver fabrication. Now we are seeing in gold and silver market massive supplier. First, there we believe that
do both metals are doing extremely well for that matter the connection between the Russia’s major regime is
palladium. limited. Other hand china is a massive consumer in.
So overtime sales could be diverted to the market. So
there could be a short term impact on the prices that
last for few more weeks.

Source: LMC Automotive – Global Engine Forecast

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