Cape Town – The listing of two new palladium exchange-traded funds (ETFs) on the JSE this month has come at a time when the market for platinum group metals (PGM) is already under scrutiny.
There is talk of a perfect storm affecting supply of the metals due to the ongoing strike at South Africa’s platinum miners and Russia’s actions in Crimea. As the below graph indicates, these two countries account for around 85% of the world’s platinum production and 80% of its palladium.
Image courtesy of moneyweb.co.za