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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?


To: Bruce Robbins who wrote (914)3/23/2001 11:01:50 AM
From: Bruce Robbins  Read Replies (2) | Respond to of 976
 
From the UBS Warburg Precious Metals, London Precious Metals Daily Update for March 23, 2001:

thebulliondesk.com

Platinum Group Metals – Comment: Platinum and palladium traded lightly and nervously lower on yesterday’s news from Honda that it would be introducing an autocatalyst with greatly reduced pgm loadings. After conducting some rapid research, we do not feel that this is the threat that the headline implied and we feel that once participants in the market have thought through this issue in more detail then any short term weakness in the pgms will be reversed.

View: Although platinum and palladium may fall a little after this Honda announcement, we believe that any weakness will be short-lived; thrifting of pgms is an ongoing process which should come as no surprise to industry watchers and the impact on pgm loadings will be countered by ever-tightening emmission legislation.