How to start investing in Copper, Platinum and Palladium online?

How to invest in Copper, Platinum and Palladium?

There are various ways to invest in Precious Metals such as Copper, Platinum and Palladium.

The most popular way of investment is CFD trading through an online trading platform.

With easyMarkets, you can invest in Precious Metals such as Copper, Platinum and Palladium anywhere and anytime through their advanced trading platforms and apps.

1. Click here to go to easyMarkets’ Official Website;
2. Open a live trading account for free;
3. Log in to easyMarkets’ client portal;
4. Make a deposit via any method you like;
5. Log in to easyMarkets’ trading platform;
6. Start trading Copper, Platinum and Palladium.

By opening an account with easyMarkets, you can invest in various financial markets including Forex, Commodities, Stocks, Indices and more.

Start your online investment with a simple and easy solution.

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Current Trend of Copper, Palladium, and Platinum

It would be extremely difficult for an investor to predict the recent surge in demand for commodities, in the previous years.

In 2020, after the pandemic had broken out and was still in its infancy, the commodity market regained the momentum and circumstances required in order to undertake a so-called supercycle that is currently unfolding in 2021.

Through this report, we aim to overview the fundamentals related to commodities like Copper, Palladium, Platinum and agriculture to help us understand to what extent these materials may continue to be on the rise in the rest of the year.

Information on each commodity will be provided separately along with general information that may help traders make decisions in the short term.

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Copper on a continuous rise

Copper’s price has been on a continuous rise since March 2020.

Its price action through its chart displays a rather steep climb of the commodity’s price.

The base metal is currently trading at new multiyear high prices and its demand from various countries seems to be catching up.

Demand from countries like China, the US and Germany which are among economies that are recovering on a steady upbeat pace, seems to support Copper.

Especially for China, it is estimated that usage has risen by around 2% in January 2021 compared to the same time in 2020.

Both the US and China seem to have improved real GDP expectations for the rest of 2021, which could be a sign that demand could even increase in the following months.

According to the International Copper Study Group, copper mine production increased by 4% in January 2021, on a yearly basis.

Surprisingly, the two largest copper producers in the world, Chile and Peru had decreased their output in 2021 while Indonesia managed to pick up and cover for the demand.

Despite the fact that copper is the world’s most important industrial metal, it has been greatly impacted by the pandemic as lockdown measures are keeping demand lower.

Yet, despite the difficult circumstances its prices continue to break higher which implies the global economic recovery supports the market at the moment.

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Palladium surges to new highs

In the past week, Palladium prices have surged to new record levels and failed to clearly test the $3000 per ounce resistance line surging just beneath it.

According to various reports, the palladium market continues to face weak supply.

According to Reuters, Russia’s Nornickel the world’s largest palladium producer suspended operations partially towards the end of February 2021, after identifying subterranean water flowing into one of them.

After the event Palladium output for the current year was expected to drop by 15%-20%.

As the market expects the supply to be tilted to the downside, palladium prices have gained 20% this year.

Even though with the

current fundamentals making the case for XPDUSD’s price to remain higher we would advise caution as the current global economic output remains in a rather sensitive and uncertain environment.

From a trading perspective, Palladium can be very illiquid and this could act as a double-edged sword for traders, thus attention is advised.

Finally, Palladium demand can be boosted from the auto industry facing a semiconductor chip shortage in the past months and automakers looking to mend the gap with orders exceeding normal levels.

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Platinum market under uncertainty

The platinum market is also among the metals that relate to the auto manufacturing sector and with that industry currently on the rise, it seems to be a good sign for traders.

Yet in terms of price action, XPTUSD’s price had peaked in February and has taken the past two months to move lower and stabilize.

This our view implies the fundamentals for Platinum have changed.

Also even though the Platinum and the Palladium market tend to move together in terms of price action and supply/ demand streams, recently the correlation may have been breached.

Despite the price action being different, analysts conclude that some auto manufactures could be turning from Palladium to Platinum in the near future as the second is cheaper and thus cost-effective.

Moreover, both precious metals are utilized by automakers to reduce harmful emissions coming from car exhausts.

Platinum is also used in industrial applications such as glassmaking and jewelry which are sectors possibly on the rise currently.

As a final note, it was pointed out that the Platinum market was dragged lower to an 18-year low as oversupply overtook the market in the past year.

Is this a sign of sensitivity for market?

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Agriculture commodities move to new yearly highs

Chicago corn, soybean, and wheat futures rose in the past week after three days of volatile trade following a run-up to eight-year highs.

Of course, the agriculture market’s volatility is based mostly on weather reports and traders keep an eye out for headlines.

Lately, according to Reuters, some unfavorable weather circumstances in the U.S. Midwest accompanied by a drought in southern Brazil has intensified worries about the global supply of agriculture commodities.

The best part which may be used as a positive fundamental by traders is that despite the weather forecasts, Chinese demand remains strong.

China’s demand is not only strong at the moment but could even rise further in the later months driving agriculture commodity prices even higher.

Also to the advantage of traders, most of the price action we are observing in the agriculture market at the moment is in the futures market.

Furthermore, it is currently uncertain whether global agriculture stocks are tight and thus may be lifting prices higher.

Other analysts suggest that if the stockpiles are indeed tight then Brazil’s upcoming second corn crop can be used as a counter.

Finally, another bullish sign for the sector is that Argentina’s grains exports brought in some $3 billion in April Reuters said.

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