There are Four things to know about palladium

IMG Auteur
Published : November 19th, 2012
308 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : On the Web
Gulf News, in its November 19, 2012 article, reports that There are Four things to know about palladium.

Extract :

 

 

 

 

What?


Palladium is part of the platinum group metals that is used extensively in manufacturing. It has a reasonable strong correlation to platinum but also other precious metals such as gold and silver. Its price during the last couple of months has primarily been driven by the movement in gold and platinum. At the start of October the metal was trading at $630, but by the end of the month it had fallen to $595. Early November saw it above the $600 mark, but last week it jumped by seven per cent in a day between Tuesday and Wednesday.


Why?


According to Ole Hansen, head of commodity strategy at Saxo Bank: “The unilateral spike was triggered by Johnson Matthey, a world leader in platinum distribution, who in their 2012 interim review for palladium projected a shortfall of 915,000 ounces for 2012 due to lower mine supply, less Russian stock sales and record auto catalytic demand.


Article continues below

<a href="http://adtech.alnisrgroup.com/adlink/3.0/1348/4039069/0/170/ADTECH;loc=300;key=;kvlabel=;kvkeywords=your money;kvpublication=gulfnews;kvsubsection=;" target="_blank"> <img src="http://adtech.alnisrgroup.com/adserv/3.0/1348/4039069/0/170/ADTECH;loc=300;key=;kvlabel=;kvkeywords=your money;kvpublication=gulfnews;kvsubsection=;" border="0" width="300" height="250"> </a>

“While platinum is very dependent on mine supply from South Africa, palladiums biggest single source of supply for many years has been from the release of stocks accumulated by the former Soviet Union. These reserves, whose numbers have never been released, are dwindling and could be gone within a few years, leaving mining and scrap as the two main sources of supply.”


What’s next?


Hansen believes the market will continue to focus on the supply deficit, but whether this will result in an better performance than platinum remains to be seen. “Palladium is the least traded of the two and often suffers from lack of investor interest due to its illiquidity and ability to trigger sharp price moves in both directions. It remains the worst performing metal this year as its down five percent compared to minus two per cent for copper and plus 10 percent on platinum,” he added.

 

 

Read the rest of the article at Gulf News
Data and Statistics for these countries : South Africa | All
Gold and Silver Prices for these countries : South Africa | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Latest topics on forum :
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
2018's 'Short' of the Year
23 Aprpearsallmarc
I really like the idea of this trade. Is there any way to execute this trade with long dated options (on SLV & GLD) or do you have to buy and s...
State of Failure
11 AprThe Recusant1
My, my...James's article almost sounds as if Trump himself might have gassed the people as a deflection and not Syria at all! Why...why...that's co...
State of Failure
09 AprGypsy
The STOCK MARKET trend has been DOWN. In fact, the word after Friday's Crash was "Standby for Monday." In a Moment of Severe Stress, the so-calle...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
05 Aprsirqitous
Seen realistically, however, this was money well spent for TPTB, even if they never get that loan repaid! As free advertising for the MSM cover st...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
03 Aprprljr
The really really really really unfortunate thing is that there are people and i use that word "people" lightly, are for no other explanation that ...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
28 Marprblmsolved
The really unfortunate thing about this story; For that kind of money he probably could have hired someone with access to a modern performance ...
Drums Along the Potomac
23 MarGypsy2
I see there's a HUGE market for Conspiracy Theories and FAKE NEWS in the U.K. ~ from the Top down. Theresa May runs her Conspiracy Theory up her f...
Drums Along the Potomac
18 MarThemis-1
While I, too, don't give a hoot about the Skripals, the UK cannot tolerate foreign agents running amok and potentially endangering innocent British...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS