Palladium

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.”

Click here to read the full Mineweb report.

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TSX20748.58+216.40
TSXV724.19+9.53
DOW33212.96+575.77
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NASD12131.13+390.48
ASX7105.90-49.30

COMMODITIES

Commodities
Gold1853.77+0.71
Silver22.10+0.07
Copper4.32+0.07
Palladium2072.50+64.50
Platinum957.00+8.00
Oil115.10+1.01
Heating Oil3.91+0.06
Natural Gas8.73-0.17

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