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<p>[QUOTE=&quot;GoldFinger1969, post: 24829382, member: 73489&quot;]<b>Palladium and platinum continue to melt down as it is clear that the auto ICE factor will continue to fade and thus impact 90% of the underlying demand.</b></p><p><br /></p><p>The entire white metals group is basically uninvestable aside from trading opportunities.</p><p><br /></p><p>Longer-term, I would not be surprised to see $500 an ounce for either or both.</p><p><br /></p><p><i>&quot;The outlook for Platinum Metals Group looks weaker than consensus, with an Ebitda downgrade of up to 27% in our scenario. While we expect platinum to remain in deficit throughout the rest of this decade, palladium and rhodium will shift to surplus and stay that way for the foreseeable future. As the EV transition continues, the 90% of demand for palladium and rhodium that comes from ICEs will weaken demand for both metals.&quot; </i>[/QUOTE]</p><p><br /></p>

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