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Mineweb reported according to a survey by the London Bullion Market Association, palladium is likely to make modest gains in 2012.
Mineweb reported according to a survey by the London Bullion Market Association, palladium is likely to make modest gains in 2012.
As quoted in the market news:
Palladium is expected to gain modestly this year, forecast to average $735.52 an ounce in 2012, compared with an average price of $733.63.
The metal, mostly used in catalytic converters in gasoline-powered vehicles, is expected to see solid demand from emerging economy auto markets such as China, but risks disinvestment from exchange-traded funds backed by palladium and modest supply from Russian government surplus stockpiles, UK refiner Johnson Matthey said in November 2011.