The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: DinoNavarre who wrote (8061)	10/24/2021 4:27:40 AM
From: elmatador	of 13796

PGMs relationship with energy is because the metals are critical for the crude oil refining business and are requirements for automobile catalytic converters. Rhodium, a byproduct of platinum production, only trades in the physical market. PGM production comes primarily from South Africa and Russia. In Russia, they are a byproduct of nickel production. Platinum falls to a new low for 2021 Palladium slips to the lowest level since July 2020 as it falls under $2000 per ounce Rhodium declines to almost one-third its value at the 2021 high Cleaning toxins from the environment via the platinum group metals The GLTR ETF has a 20% exposure to palladium and platinum Platinum group metals (PGMs) are rare, making them precious. The PGMs have many industrial applications because of their density and high melting and boiling points. Gold and silver are the leading precious metals that trade in the futures market on the CME’s COMEX division together with copper futures. Meanwhile, platinum and palladium trade on the CME’s NYMEX division alongside crude oil. PGMs relationship with energy is because the metals are critical for the crude oil refining business and are requirements for automobile catalytic converters. Rhodium, a byproduct of platinum production, only trades in the physical market. PGM production comes primarily from South Africa and Russia. In Russia, they are a byproduct of nickel production. In early 2021, palladium and rhodium prices rose to all-time highs. Platinum appeared to breakout to the upside, trading to its highest price since September 2014. The prices of the metals with high resistance to heat have been melting over the months. Over the recent trading sessions, they fell to new lows in 2021. investing.com

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