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NILSY - Platinum Group Metal Demand: Vehicle Emission Regulations Pt-To-Pd Substitution And Their Implications
MMC Norilsk Nickel PJSC ADR
There is more to the fundamental analysis of commodities than meets the eye. In many a case, barely looking at the headline numbers of supply and demand can lead investors astray. If possible, investors need to examine supply and demand in greater granularity because the devil is in the detail.
In a previous article, I examined the evolution of various types of demand for platinum group metals (aka, PGMs), mainly palladium (PALL) and platinum (PGM), in recent years, identifying the main driver behind and chief risk to the PGM demand.