But I do expect.

I suppose most would agree that palladium is currently in a price bubble and to coninue over short term. As with all bubbles they often fade and sometimes even burst. No I am not saying that we will have a burst, too much and too strong fundamentals exist for a burst. But am saying that this price rise is soon to come to an end. It is already on a par with platinum and palladium and is more prevalent in mines than platinum.

So my argument is that availability of each metal will slow that rise. Some switching back to platinum should occur where the prices are likely to be more or less equal over the mid term. Also Over the next few years we still will have heavy dependence on gasoline cars, but note the trend.

No not so much electric vehicles, they are the more distant future, I mean Hybrids, they are here and within a year or two they are destined to be the majority of car production. Just read the announcements and planning of European producers ( I spend a lot of time in Europe), so is a hybrid in need of as much palladium or platinum for catalisis as an ordinary gasoline car? 

I suspect that a hybrid, having a much smaller gasoline engine does not require as much of either metal.

My conclusion: The application of brakes on the price of both metals in not too distant future. In addition, some are pumping up palladium now to sustain that bubble longer. There are interests to keep us on the same old course. I liken it to the healthy tabacco usage campains of decades past and current no climate change nonsense.

Beware and read between the lines, Ed.