Demand and supply control metal prices in the global market. When the demand is low, and its supply is high, the commodity is guaranteed to fetch little amount and vise-versa. Changing trends in the mining industry have contributed partly to the change in demand and supply of metals.
Platinum is used mainly as a catalyst in diesel converters, but it also has other uses like making of rings and bracelet in the jewelry industry, laboratory equipment’s, platinum resistance thermometers and others. Its market price has been soaring in the past six years due to the invention of electric cars that do not require a catalyst. To top to that platinum being a catalyst can be recycled and that reduce its demand. Due to expected market, the prices of copper a good conductor of electricity rose.
The reduced demand for platinum decreased its market price. The prediction of platinum ever coming to demand was minimal thus the investor’s didn’t buy the commodity further diminishing its market price
However, according to Matt Badiali, editor of Real Wealth Strategist, the demand for platinum is about to skyrocket up to 25 % come 2018. The majority of European economy still prefers the use of diesel vehicles. He reasons that platinum ores are being exhausted and are not widespread. In addition to this, its mines are deep and old.
Matt Badiali predicts that all those factors would result in very high demand for platinum and recommended interested investors to invest in it.
Matt Badiali has paramount knowledge and education in natural resources and geology. He attended the University of Penn State for his bachelors in earth sciences and the University of Florida Atlantic for his masters in science geology.
While pursuing his Ph.D., his friend introduced him to finance and investment, and since then he has been a very dedicated individual in ensuring that investors make the right investment decisions on energy, metals, and natural resources.
To add to his commitment, Mr. Badiali established Real Wealth Strategist newspaper in 2007- May with Banyan hill and became its editor Matt has given uncountable recommendations to investors and distributed knowledge with acute predictions that would be of value to them in the stock exchange market.
Medium.com is also a website where he posts of new trends in the market and also makes precise predictions like that of platinum price about to rise.
Matts immense experience and drive to help investors is surely undeniable and trustworthy.