Recent speculation about an OPEC-style producer cartel for the platinum group metals (chiefly platinum, palladium and rhodium) is unlikely to come to much. However, falling production due to cost-related closures and potential labour unrest means that the prices of platinum and palladium could still rise by around a fifth by the end of 2014, and rhodium by as much as two-thirds. This would be in sharp contrast to the further weakness we expect for base metals, such as copper and nickel.
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