Palladium Takes Over Platinum

Jan. 04, 2013 04:58PM PST

The Business Insider reported that palladium is now considered the new platinum, with Russia and South Africa being the world’s biggest suppliers.

As quoted in the market news:

According to a report written by Alex Bryan, an ETF specialist at Morningstar, “In combination with supply-side constraints, a rebound in global auto production and the substitution of palladium for platinum in the light diesel market may increase demand and put upward pressure on palladium prices.”