With solid need for platinum team steels (PGMs) proceeding, Financial institution of America Stocks Global Study has actually elevated its 2026 platinum rate projection to $2 450/oz from $1 825/oz and its 2026 palladium rate projection to $1 725/oz from $1 525/oz. Secret takeaways from the financial institution’s most current International Metals Weekly dated January 9 are that the misplacements of PGMs from profession conflicts are maintaining markets tight, specifically in the event platinum. Furthermore, China’s platinum imports are including assistance.
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