Palladium Should 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.

Click here to read the full Mineweb report.