HSBC Lowers Palladium Forecasts

Aug. 13, 2012 01:06PM PST

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.