Auto Sector Recovery to Drive Investor Interest in Palladium

Platts reports the likelihood of a continued recovery in the Japanese auto market and insufficient Russian stockpile sales make palladium fundamentals appealing.

The market news is quoted as saying,

Macquarie analysts agreed with those who believe the Japanese disasters of March 11 triggered a substantial selloff by investors, with physical holdings by exchange-traded funds falling a sizeable 164,000 oz in March alone.

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