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Run on Palladium attracts thieves

of precious metals, the speech, then most of the people think of Gold and silver. In the case of professional investors another one of the noble metals is currently very Palladium asked:. The price for the silver-white shiny metal that is currently only one way: upwards. Within three years, increases the price of Palladium to nearly 200 percent. The metal can be Gold further and further behind. Currently, a Kilo of Palladium will cost more than 46'000 Swiss francs, the same amount in Gold for 42'500 Swiss francs. The little-known precious metal is also reinforced in the focus of Criminals.

Palladium is used mainly for industrial applications. Only a small part is processed into jewelry. Especially the car industry needs Palladium for up to 80 percent of the global demand, which is also the precious needed metal for printed circuit boards of electronic devices and medical technology. Important driver of the current Palladium-Rally, the car industry is because.

engines

such As platinum and Rhodium used Palladium is used in catalytic converters in car engines. While catalytic converters of gasoline engines need, especially Palladium, is used in those of diesel vehicles, the majority of platinum. Due to the exhaust gas scandal, the demand for diesel motors, gasoline-powered cars are in demand more.

"Also, the statutory requirements regarding exhaust emissions, are increased, so that it takes for the catalysts to today, more Palladium," says Nitesh Shah, head of the analysts team of the asset Manager Wisdomtree. More Russia sanctions of the USA and some European countries have fuelled the prices. Russia is about 40 percent, the largest producer of Palladium is South Africa, with 38 per cent. Canada and the USA with 9 and 6 percent. Palladium is usually obtained from Nickel and Copper ores.

"in addition to the tight supply and higher demand also, speculators are fuelling the Rally," explains Shah. Just in the last few weeks, you could watch this. Despite the slowdown in the global car market, Palladium has risen since the beginning of the year to 16 percent. In the industry there is fear also bottlenecks due to announced strikes in South African mines. Hamster purchases and hoarding their palladium stocks in the hope of even higher prices, further aggravate the Situation.

image to enlarge

At the current Palladium prices are even catalysts to be sought-after items by thieves. Because the precious metal is also in demand as recycled material is extremely. In the US, the messages of catalytic converters thefts are on the increase. Affected motorists to notice at the time of departure, the engine sounds much louder.

The reason is that Someone has gone before under the parked car and unnoticed, the exhaust system removed. Such thefts are carried out with the right tool easily. For the catalyst to be paid on the black market, depending on the model, between 100 and 350 dollars.

thefts in Switzerland

in Switzerland, it came to such thefts. A few years ago Unknown from buildings in case of a car importer in the Canton of Aargau, Safenwil from 16 new cars all the catalysts and took it with them. In addition, they harvested from a nearby auto recyclers 70 old catalysts. The offense total fraud according to the police, 27'000 Swiss francs.

to catalysts statistics-thief steels in Switzerland are available. On request from the police of the Canton of Zurich, it means that you registered a year, less than ten such offences.

commodities expert Nitesh Shah assumes that Palladium will remain in the next few years, just. "The Rally may well continue for a bit," believes Shah. At current levels the risk for setbacks but great.

According to Shah, the car manufacturers could be using more in the future of platinum or Rhodium, when the price of Palladium continues to rise. Also, the growing sales of electric vehicles would dampen demand for the precious metal, because cars have to be powered with electricity, do not need any catalysts.

(editing Tamedia)

Created: 17.02.2019, 22:05 Uhr

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