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Bloomberg reported that Goldman Sachs Group Inc. said one of its most preferred mining commodities for 2013 is palladium and its least favored are nickel and aluminum.
Bloomberg reported that Goldman Sachs Group Inc. said one of its most preferred mining commodities for 2013 is palladium and its least favored are nickel and aluminum.
As quoted in the market news:
Among precious metals, palladium is expected to outperform platinum on automobile-demand growth in markets that use gasoline, a substitution for platinum in diesel markets and tighter emission rules, according to Goldman. The bank raised its forecast for platinum in 2013 to $1,575 per ounce from $1,544, and kept palladium unchanged at $781.