Production interruption in the industry is pushing Platinum Team Steels higher throughout the board. Rhodium, which goes to a fresh all-time high, are gaining from manufacturing issues, despite the fact that coronavirus fears are considering on global economic growth. Ryan Giannotto, director of research at GraniteShares ETFs, claimed that this is all about accessibility to the metal and not economic conditions.
" Car manufacturers remain in the business of conference environmental emissions, not being prop investors at Goldman Sachs," he said. "That is what is fueling this pattern." Giannotto kept in mind that only 30,000 ounces of rhodium are produced annually. Nonetheless, the market Giannotto is seeing if platinum as the metal has actually struggled in the existing environment.
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