Sun, Mar 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Market Pulse more

Societe Generale: Auto sales to be key for PGM demand

Posted on 26 February 2014

Auto sales will be the key to demand for platinum group metals in 2014, more-so than legislation on auto emissions, says Societe Generale. Europe is especially important for platinum demand due to the continent’s use of diesel-powered vehicles that require platinum.
Weakness in the European economy dented this demand in recent years. “That said, with the European economy having exited recession and the economic prospects improving, albeit modestly, coupled with an aging car fleet then there is the potential for a continued steady upturn in European car sales,” Societe Generale says………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39856 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031