CPM Group Says Palladium To Enter Deficit

Mineweb reported a CPM Group report wherein analysts estimate palladium could go into a deficit in 2012.

As quoted in the market news:

Palladium mine supply rose 5% to 6.9 million ounces in 2011. Total mine supply of 6.8 million ounces is expected in 2012, down 1.7%.

Total palladium supply is projected to decline to 8.55 million ounces in 2012, down from 8.61 million ounces in 2011.

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