China vehicle sales surged 20% to an eight month high in September and continued strength of China’s economy should be positive for both palladium and platinum prices, with palladium benefiting from strong auto sales and platinum from robust China jewelery sales, said ETF Securities earlier this month. The ETF issuer added that since 2009 China’s platinum jewellery consumption has been bigger than all platinum consumed by Europe’s auto industry.
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ETF Trends editorial team contributed to this post.