Platinum.

 

• The silverish-white metal is often used in “catalytic converters” that reduce harmful emissions from fossil fuel vehicles.

• The global platinum market is expected to rack up its largest deficit since the 1970s as the world’s largest producer, South Africa, battles with power outages.

• South Africa accounts for 70% of global platinum output, and its annual production amounted to about 140 metric tons amid shortages in 2022.

• According to The World Platinum Investment Council (WPIC), global platinum demand should surge 28% this year to 8.2 million ounces as more automakers replace expensive paladium with platinum in car catalytic converters.

• Metals Focus added, "With power outages in South Africa limiting supply, the global deficit could increase to 953,000 ounces from 53,000 ounces in 2024.”

There is now an alternative, there is simply no reason to chase performance... (bearish) investors can park their cash in money markets, receive an annualised yield of 4/5% and wait for the recession to arrive in the data.

"Palantir Technologies CEO Alex Karp announced that they anticipate turning a profit every quarter in 2023, fueled by the overwhelming interest in its new artificial intelligence platform. The result? Palantir stock (PLTR) soared over 20% in extended trading.

The Palantir Artificial Intelligence Platform (AIP) integrates AI into military decision-making, allowing military operators to utilize AI in their operations. The company is known for its contracts with the U.S. Central Intelligence Agency.

Karp commented, “The demand I've seen for our AIP platform is like NOTHING I've seen in the past 20 years." The rise of ChatGPT and LLMs has, without a doubt, been good for Palantir’s business."