Brandon Beylo
Read-through on this is …

We’re gonna need more PGMs!

#platinum #palladium

Big news:

Ford just announced that it will begin *expanding* its hybrid vehicle offering.

Yes, you read that correctly: Hybrid.

But there’s more -

The company said it is *delaying* plans for a new electric pickup (and other electric vehicles) amid slowing demand for EVs.

Important:

Ford emphasized that it will continue investing in an electric vehicle future.

Nevertheless, feels like a monumental change in tone for one of the most active automakers in the EV space.

More to come.

(via Ford Media, Automotive News) - Car Dealership Guy
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Brandon Beylo
Year-to-Date 2024 Europe New Car Registration Growth (YoY)

• Battery EV: +3.5%

• Plug-in Hybrid: +10.4%

• Hybrid Electric: +19.7%

• Gas: -1%

• Diesel: -10.8%

TL;DR: Plug-in Hybrid growth is bullish for #PGMs

#palladium #platinum https://t.co/IPjtlSWvC5
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Brandon Beylo
RT @Ye_Olde_Holborn: >>>For anyone who’s interested in #platinum mining (& why wouldn’t you be) this is worth a read⬇️
Got Platinum?

Here's my write-up on Sylvania Platinum $SLP.L.

It's a hated commodity in a hated industry in a hated country.

SLP has half its market cap in cash with no debt and a history of shareholder returns.

Could print 140%+ of EV at normalized PGM prices.👇
https://t.co/eu67o3joqY - Brandon Beylo
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⁠Brandon Beylo
Platinum and Palladium looking bullish here.

Palladium is coiling and ready to break out above the 200MA.

Platinum, on the other hand, approaches resistance around $1,150/oz.

PGM miners/developers will go wild if both break out.

#platinum #palladium #pgms
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