Palladium Market Will Be Tightest in Second Quarter: StanChart

The video discusses the tight Palladium market, highlighting supply shortages and demand from the auto industry. It forecasts a tight market in Q2, with potential price spikes. Long-term dynamics include substitution and emission reduction needs. The gold market is shifting from investment-driven demand to physical market support, with strong demand from India and China.

What is the primary reason for the current undersupply in the Palladium market?

• Increased recycling of Palladium

• Reduction in electric vehicle production

• Offline production of key mines

• Increased demand from the jewelry industry

How is the demand for Palladium expected to change in the coming years?

• It will decrease due to a shift to electric vehicles

• It will remain stable with no significant changes

• It will increase due to the recovery in auto production

• It will decrease due to increased recycling efforts

What is the expected impact of South African production on Palladium supply?

• It will have no impact on the supply

• It will worsen the supply tightness

• It will lead to a surplus in the market

• It will help ease the supply tightness

What has been the main driver of gold demand in the past year?

• Physical market demand from India and China

• Investment demand driven by stimulus packages

• Increased demand from the electronics industry

• Central bank purchases

What is the current trend in ETP outflows for gold?

• They have completely stopped

• They are starting to slow down

• They have stabilized with no change

• They are increasing rapidly