Lots Of Future Potential For PalladiumPlatinum to remain range bound in 2025, palladium price could fall to $800/oz in 2025 – Heraeus
"The analysts expect primary platinum production to rise to 5.4 million ounces next year, with South African platinum output projected to grow to 3.9 million ounces. Russia’s platinum production is set to recover to normal levels in 2025, after a smelter rebuild reduced refined output in 2024,” they wrote. However, North American supply is estimated to drop by about 50 koz following the restructuring at Stillwater mine."
"Platinum requirements for industrial uses are projected to increase by 6% to over 2.5 million ounces in 2025, with gains likely across all the main sectors. “Electrical usage is rising as data storage requirements are increasing,” Heraeus said. “Catalytic processes in the chemical and petroleum industries are also expected to have greater platinum requirements. Slightly higher demand is also anticipated in the glass industry and medical sector."
"Strong demand may well come in 2025 and beyond for Palladium in the areas of e because it could well be used in fuel cells as an electrode material and in hydrogen cars as a storage material for hydrogen in the future. The growing demand and growing trend toward sustainable energy production and storage positions palladium as a critical metal for future industries well into 2025 and beyond."
"In the field of electronics, palladium is used in various components, such as multilayer ceramic capacitors, which are integral to consumer electronics. Its excellent electrical conductivity makes it valuable for plating electronic components."
https://www.kitco.com/news/article/2024-12-13/platinum-remain-rangebound-2025-palladium-price-could-fall-800oz-2025
https://www.globenewswire.com/news-release/2024/12/18/2998813/28124/en/Palladium-Market-Analysis-and-Developments-Q4-2024-Featuring-In-Depth-Profiles-of-52-Companies-Operating-in-the-Global-Industry-Including-Norilsk-Nickel-Anglo-American-and-Sibanye-.html
