Diesel emission scandal sends platinum to 13-year low against palladium

https://www.chemnet.com   Oct 02,2015 Platts

　　Platinum's premium over palladium fell to its lowest in 13 years Thursday, amid uncertainty surrounding the future of diesel technology and concerns the Volkswagen emissions scandal could push car buyers towards gasoline cars.

　　Platinum is primarily used in diesel-fueled engines, while palladium is used in gasoline engines.

　　Spot prices for platinum on the London Bullion Market Association traded at a premium to palladium of $247/oz at around 1310 GMT Thursday, the lowest level since 2002.

　　"[PGMs] are symbiotically linked to vehicle emission control, and platinum to diesel in particular," said analysts at Macquarie in a note Thursday.

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