Chip uncertainty causing PGMs price uncertainty – chief investment officer

The general feeling is that chip capacity will slowly start coming back in the next few months, but only to return the auto industry back to where it was pre-Covid, and not to the post-Covid surge, which resulted in platinum group metals (PGMs) prices going through the roof. If the global auto industry experiences an increasing delivery of chips, then the guess is that a bottoming out of the market can be regarded as being under way now, with gentle improvement to follow. (Also watch attached Creamer Media video.)