Palladium Experiencing Increased Demand, Higher Prices

Bloomberg reported Norilsk Nickel (LSE:MNOD) said it is seeing higher demand for palladium which is driving prices higher.

As quoted in the market news:

Palladium sales by the Russian government won’t lower prices, Berlin said. The state may sell as much as 4.5 metric tons of palladium a year in 2012 and 2013, RBC Daily reported Oct. 14. This is less than 2 percent of global supply, which isn’t sufficient to affect the market, he said.

Click here to read the full Bloomberg report.