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Mineweb reported in a recently published analysis, HSBC lowered its average palladium forecasts for 2012, 2013 and 2014, but it expects the market rally.
Mineweb reported in a recently published analysis, HSBC lowered its average palladium forecasts for 2012, 2013 and 2014, but it expects the market rally.
As quoted in the market news:
HSBC Securities (USA) analysts James Steel and Howard Wen forecast the palladium market “will move back into a substantial deficit of 544,000 ounces in 2012, following a significant surplus of 1.255moz in 2011, according to our supply/demand model.”