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Commodities Corner: How palladium’s rally is setting platinum up for a comeback

As palladium prices soar to new records, platinum deserves to get a closer look from investors.

Palladium futures PAH8, +1.79% climbed by more than 55% in 2017. But the metal’s price rise, “together with concerns regarding availability, have led some auto makers to consider replacing palladium in gasoline cars with platinum, which can be used at a one-to-one ratio,” says Will Rhind, CEO of fund management company GraniteShares. “This could result in a modest decline in palladium demand, but a significant increase in platinum demand.”

His firm recently launched a physically-backed platinum exchange-traded fund in the U.S. — only the second such U.S.

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