Last Updated : July 06, 2011 11:56
TD Securities upbeat on silver, platinum, palladium
By Allen Sykora TD Securities sees factors that should support the more industrial precious metals of silver,
Platinum and
Palladium in the coming months. “TDS expect the U.S. and the global economy to do better into the summer,” says a research note.
“With the global economy improving, demand for palladium, platinum and
Silver should also grow.” This will be aided by the return of Japanese industrial capacity after this spring’s earthquake, as recovery here would help get the global supply chain “back on track,” especially helping the auto and electronics sectors, TDS says.
“We could very well see a 15-20% y/y rebound in North American auto sector activity and a big increase in Chinese car output in the third quarter,” TDS says.
“A stronger auto sector means a big rebound in
Platinum and
Palladium demand in the coming months as well.” Further support for platinum group metals should come from rising
Electricity costs in South Africa and worries about nationalization of the mining sector in this country and Zimbabwe, TDS says.
By Allen Sykora of Kitco News; asykora@kitco.com
NCDEX POTATOFAQAUG12 17 August 2012
contract was trading at
Rs 0 . What's your view on it?
