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The Bedford Reports says palladium prices are once again on the upswing as the automotive sector continues to rebound.
The Bedford Reports says palladium prices are once again on the upswing as the automotive sector continues to rebound.
The press release is quoted as saying,
Palladium is used widely in the manufacturing of catalytic converters, creating a link between the price of the element and the health of the auto industry. Last year demand for the extremely rare metal skyrocketed more than 30 percent as an economic burst in China led to an increase in car sales. Generally the price of Palladium correlates with shares of Palladium producers, which has caused an uptick in North American Palladium and Stillwater Mining’s stocks. The Bedford Report examines the outlook for companies in the Industrial Metals & Minerals Sector and provides investment research on ETFS Physical Palladium Shares (NYSE:PALL) and Stillwater Mining Co. (NYSE:SWC).
For the complete press release, click here.
