precious metals markets

Nornickel identified fibreglass production as a new palladium demand source following 300-day industrial trials with Chinese partners. Medium-term fibreglass sector palladium demand could reach 0.8 million oz; total glass sector globally 2 million oz. The discovery is significant because palladium faces secular demand decline from EV penetration reducing gasoline catalytic-converter use.

“Nornickel identified fibreglass manufacturing as a new palladium demand source in China, potentially adding 0.8 million oz to a market losing autocatalyst volumes to EVs.”