Palladium Rallies On News Of Coming Shortage

Reuters reported palladium rose following a report that says the metal will experience a supply deficit.

As quoted in the market news:

Palladium rose over 4.5 percent for its biggest one-day gain in almost a year, after PGM specialist and refiner Johnson Matthey said it expects palladium to record its biggest deficit since 2000 this year as mine supply and sales of Russian state stocks dwindle and auto demand climbs.

Click here to read the full Reuters report.