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Nornickel Expects Palladium Shortage to Worsen in 2020-The 21st China(Guangzhou) Int’l Forging Industry Exhibition
12/5/2019 锻造展- Forging Industry exhibition - Forging expo |
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Nornickel, in alliance with ICBC Standard Bank, has prepared a report on palladium markets. Nornickel experts expect palladium consumption volumes to outstrip production up until 2025 primarily due to the growing demand for the metal used in the catalysts of internal combustion engine cars, including the hybrid ones. Regulatory restrictions on exhaust gas pollution get harsher every year, especially in such densely populated countries as China, India, the USA and the EU. This year, palladium shortages were somewhat offset by supplies of refined metal coming from the work-in-progress inventories accumulated by South African producers last year.
Next year, palladium shortage will worsen as car production gradually recovers on the back of anticipated government support for car sales in China and the automotive industry’s efforts to ensure compliance with new regulations.
Over the long run, considerable additional demand for palladium is projected to build up, potentially covered by the construction of new projects by key producers and recycling.
锻造展-第二十一届广州国际锻造工业展览会
-The 21st China(Guangzhou) Int’l Forging Industry Exhibition
- Forging Industry exhibition, Forging
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China Forging Industry exhibition, China Forging Industry expo, Forging
exhibition, Forging expo, 2020 Forging exhibition, 2020 Forging expo, China Forging
exhibition, China Forging expo
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