Palladium ETFs Move Higher

Jul. 27, 2011 10:03PM PST

ETF trends reports on the recent rally in exchange traded funds tracking platinum and palladium.

The market news is quoted as saying,

Additionally, the recovery in the auto industry has also helped platinum and palladium prices, since both metals are used in the production of catalytic converters for car engines. BofA Merrill Lynch analysts project that sales will reach 74 million units for 2011, with almost half that amount coming from emerging market demand.