Platinum and palladium prices could rally by 22 per cent and 25 per cent respectively over the next six months, according to Johnson Matthey, the precious metals refiner.
But the collapse in US and European car sales has substantially reduced automotive industry demand, meaning uncertainty still surrounds the outlook for both metals.
Johnson Matthey, in its widely followed annual report released yesterday, said it expected platinum to trade between a low of $950 and a high of $1,350 a troy ounce over the next six months, while palladium was forecast to trade between $180 and $280.
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