Palladium Set to Hit 10-year High, Gain 24%
Investing News Network - May 31st, 2011
The Globe and Mail reports strong demand from automakers and a drop in supply indicates the biggest shortage in 32 years is on the horizon.
The Globe and Mail reports strong demand from automakers and a drop in supply indicates the biggest shortage in 32 years is on the horizon.
The market news is quoted as saying,
Palladium, used in vehicles’ catalytic converters, has been the worst performing in the precious metals group this year and is forecast to rise 24 per cent by the end of the year, according to the survey.