Commodities > Pgms

BMO picks platinum upswing

Platinum is due to swap positions with palladium and head up again, BMO’s global head of commodities research Colin Hamilton says.

Staff reporter

Commodities > Pgms

BMO picks platinum upswing

Platinum is due to swap positions with palladium and head up again, BMO’s global head of commodities research Colin Hamilton says.

Staff reporter

BMO picks platinum upswing

Seems longer than last month

Going from the mood at last week's Mining Indaba in Cape Town and the commitment of traders report (showing changes in short and long positions on commodity futures), Hamilton said platinum would regain price superiority over palladium this year and average US$50 per ounce more than its PGM cousin in 2018.