A Russian State Secret May Push Palladium’s Price To $1,000

Precious Metals

Forbes.com speculates that that the price of palladium would hit $703 by 2013, because supply may not keep up with anticpated increase in demand

Forbes.com speculates that that the price of palladium would hit $703 by 2013, because supply may not keep up with anticpated increase in demand.

The story quotes as:

On October 8, Norilsk said that it expects the Russian stock pile to be finished this year and that it anticipates no deliveries in 2011.“If so, this will mark a considerable decline in palladium supply and the market will be minus the 1 million ounces which has been the annual norm over the past two years. Thus a sizeable deficit looms if correct,” a UBS note says.

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