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Nornickel Expects Palladium Shortage to Worsen in 2020-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
1/3/2020 緊固件展-緊固件采購會-國際緊固件展-fastener 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.
緊固件展-2020第二十一屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 21st China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2020 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2020 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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