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Palladium Experiencing Increased Demand, Higher Prices
Feb. 13, 2012 12:42PM PST
Precious Metals Investing
Bloomberg reported Norilsk Nickel (LSE:MNOD) said it is seeing higher demand for palladium which is driving prices higher.
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.