Johnson Matthey’s Palladium Market Review

Johnson Matthey PLC (JMAT.LN), a specialty chemicals company, has released its annual report and said that in 2009 palladium market was in a 760,000-troy-ounce surplus.  The company added that demand for palladium fell 6.3% to 7.77 million ounces.

Automakers has also cut their palladium purchases by 9.3% to 4.05 million ounces. In the US palladium fell 20.95% to 1.02 million ounces while it fell 2.5% to 2.37 million ounces in South Africa.

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