LONDON, 23 September 2015 – Comment from BullionVault's head of research Adrian Ash appears today in a report on the plunging platinum price from Reuters, the global financial news and data providers.
With platinum falling to new 6.-5year lows today amid the scandal over giant automaker Volkswagen cheating US emission tests, "The plunge in platinum prices suggests...that platinum devices simply can't meet today's increasingly rigorous government standards for cutting diesel emissions," says Adrian.
"If that idea grows, palladium demand may benefit, if not prices, as petrol engines fill the gap."
See the full Reuters report here:
PRECIOUS-Platinum at 6-1/2-year low on VW scandal, palladium soars
Source:
Reuters
