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Vehicle sales push rhodium prices to skyrocketing levels – The Citizen

A rebound in global auto sales and a tightening in emission standards have pushed rhodium prices to skyrocketing levels over the past month, pushing platinum to levels not seen in a decade. Autocatalyst maker Johnson Matthey said last month that demand for rhodium of about one million ounces per year was undersupplied by 84,000 ounces in 2020 – and that this shortfall will likely continue into 2021, as Global vehicle sales are expected to post a strong rebound after a crisis. in 2020. Global vehicle sales are expected to increase by almost 9% in 2021 after dropping 15% in 2020 due to …



Vehicle sales push rhodium prices to skyrocketing levels – The Citizen

Source link Vehicle sales push rhodium prices to skyrocketing levels – The Citizen

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