How the Platinum Markets Are Moving in Relation to Gold
The falling platinum prices have been a major concern for platinum mining companies in Africa. Platinum, like palladium, is used as a catalyst to reduce carbon monoxide emissions in vehicle engines. The platinum market has been in short supply over the last few years, and its deficit is expected to expand in 2018 as well. The same factor that supports palladium prices is also detrimental to platinum prices.