Precious Metals: Palladium In Deficit

Mining Weekly reported on precious metals noting palladium is at a deficit and expected to reach a price high.

As quoted in the market news:

As for palladium, GFMS revealed that in 2011 its gross deficit almost halved to 313 000 oz (9.7 t), owing in large part to a relatively subdued 2% rise in global fabrication, which nonetheless reached an 11-year high.

This featured a solid 5% lift for palladium autocatalyst demand (also an 11-year peak) driven by firmer demand in gasoline applications and substitution-related gains at the expense of platinum.

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