Positive Catalysts Limit PGMs' Downsides
BonTradePGMs rise in European session after Wednesday's sluggish performance. Comex platinum futures grind higher to 1564 after closing flat at 1550.4 yesterday while palladium futures rebound to 464 after plunging -1.92% to 453.3. PGMs were under pressure as Eskom's comment that the state electricity provider has sufficient power-generating capacity for the additional demands of the World Cup dimmed hopes of mining disruptions. Yet, positive news elsewhere contained PGMs' downsides.
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Positive Catalysts Limit PGMs' Downsides
