Palladium Rallies as 2013 Deficit Expectations Grow

ETF Securities reported that palladium is rallying on the back of increasing expectations of a “meaningful” palladium deficit in 2013.

As quoted in the market news:

As market participants from around the globe gathered in London for Platinum and Palladium Week, there is a growing consensus that the palladium deficit in 2013 will be meaningful.

Johnson Matthey confirms the platinum and palladium deficit of 2012 and points to a further deficit in palladium in 2013. Palladium is set to see supplies tighten this year as gasoline autocatalyst demand from the US and China continues to grow and Russian state stocks diminish further.

Click here to read the full ETF Securities report.