Palladium Prices Set to Rise in 2011

Mineweb reports analysis suggests that the palladium deficit is seen as increasing and prices will rise.

The market news is quoted as saying,

Palladium which witnessed a return to large gross deficit estimated at 550,000 ounces in 2010 will witness an increase in prices to $975 before the year is out, GMFS report said. Growth in auto-catalyst demand to a 10-year high in 2010 on rebounding car sales and demand from electronics industry helped support Palladium prices.

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