Brind.

TD Securities projects decline in rhodium prices amid market surplus

2 reports, 1 independent Updated Fri 00:00
No new developments lately Reached 2 outlets in its first 24 hours
Reports
2
Developments
1
Repetition
50%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

TD Securities projects that rhodium prices are poised to fall due to weakening autocatalyst demand, which is expected to push the market into surplus next year. The bank forecasts that rhodium prices will decline from approximately $9,000 per ounce to $7,600 in 2027, and further to $6,500 in 2028. This projected surplus follows a deficit of about 50,000 ounces this year.

From northernminer.com

Why it matters

Some supportBrind's analysis of the reports

The market is expected to see its first surplus since 2022, following four consecutive years of deficits. The outlook carries a significant caveat: above-ground inventories are expected to fall to little more than three months of demand, leaving little room to absorb unexpected disruptions.

From northernminer.com

Who's involved

  • rhodiumCommodity whose market trends are tracked and forecasted by TD Securities.
  • Td SecuritiesCanadian investment bank that tracks and forecasts rhodium market trends.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • CamecoSpeculative

    The company could face a decline in its PGM basket price due to the rhodium market surplus, impacting mining revenue.

  • Franco-NevadaSpeculative

    The company might see a reduction in royalty asset valuation due to the decline in PGM prices.

  • Taseko MinesSpeculative

    The company could experience a decline in its PGM basket price due to the rhodium market surplus, impacting mining revenue.

Keep exploring

The entities involved

  • rhodium

    chemical element with symbol Rh and atomic number 45

    Nothing else this week.

Coverage

Newest first; wire copies grouped
1 more outlet ran the same wire story