The Economic Times reported that VTB Capital’s Andrey Kryuchenkov believes that investors may be able to profit from the platinum-group metals (PGMs) sector next year; however, to do so they will need to be quick on their feet.
As quoted in the market news:
Platinum and palladium are due to struggle with potential mine closures amid labour trouble in South Africa while zinc, tin and lead could face regional shortages.
The opportunities may be short-lived so investors will have to be quick-witted to squeeze out profits, said analyst Andrey Kryuchenkov at VTB Capital.
‘Market participants will have to be extremely vigilant, flexible and dynamic in their decision-making, aiming to benefit from mostly short-term seasonal trades,’ he said.