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Chinese auto industry to boost platinum, palladium
With the global auto industry also expected to stabilise and recover over the coming 12-18 months, demand for the PGMs continue to remain solid. We expect this solid demand to lead to a strong price recovery for both platinum and palladium
heading into next year, as restocking by western consumers adds to the Chinese momentum. Read News
Joe
The Chinese will soon exercise their 51% stake with the forign companies. They know how to build quality vehicles and huge consolidation in automakers is due. I expect any US domestic auto company reling on Chinese sales will see their dreams slip away. Most likely their domestic industry will collapse under the weight. So much for loan repayment.
Posted On : Oct 14, 2009 11:34 AM
