Interesting https://www.wsj.com/articles/platinum-palladium-prices-diverge-as-car-makers-see-uneven-recovery-11600418397?
Car companies used to use platinum in all autocatalysts, but substituted it with palladium in gasoline cars over a decade ago because it was cheaper. As prices have switched and palladium is in short supply, the platinum industry is hoping auto companies switch back to platinum
Over 80% of palladium is used in auto catalysts. That focus is what has allowed the metal to ride the wave of tightening emissions standards. But analysts warn it is also what makes prices vulnerable as electric vehicles gradually replace petroleum-powered cars.
“In the long run, we are probably witnessing the zenith of the palladium market,” said Mr. Kirilenko at CRU. “It’s at its peak now but unless there is a new application other than autocatalysts, it will eventually just die out.”
https://www.scrapcatalyticconverters.com/platinum-for-palladium-to-switch-or-not-to-switch/
First and foremost, switching between the two metals is not a simple process that can be carried out overnight. It took a number of years to make the switch from platinum to palladium in the first place and reversing the process will also take time. As General Motors’ technical specialist Dr.Rahul Mital explained: “it’s not just a flick of a switch for us”.
Secondly, there is a possible issue oversupply. Most platinum production comes from South Africa, followed by Russia and Zimbabwe. Palladium, by contrast, whilst also mined in those 3 countries, enjoys a bigger spread of sourcing, including the USA and Canada.
BULL knows that the window of opportunity is here.
This is why they are raising more funds.
Time is of the essence.