Low Prices cure Low Prices

The old adage that low prices cure low prices is about ready to test its validity in a number of commodities.  One group in particular are the PGM’s where prices are at or below cost of production.  The low level of prices combined with difficult operating conditions (strikes, power shortages, etc.) have left many producers with the difficult decision to idle production.  Our position is that rhodium offers the cheapest way to play a sharp rebound in prices going forward