“With the US economy picking up, China reflating and Europe and Japan demand stabilising, platinum and palladium demand is expected to quite substantially outstrip supply in 2014 and into 2015,” notes ETF Securities. “Johnson Matthey forecasts platinum and palladium to see deficits equivalent to 14% and 15% of global demand in 2014.”
ETF Securities has six-month price targets on palladium and platinum of $858 per ounce and $1,550 per ounce.
Chart Courtesy: ETF Securities
ETF Trends editorial team contributed to this post.