Palladium Likely to Remain in Deficit Next Year, GFMS Says
Thomson Reuters GFMS' recently released Platinum & Palladium Survey 2013 reveals that palladium recorded its highest deficit in 11 years in 2012 and is likely to remain in deficit this year.
Q1 2013 Palladium ETF Trends
Nick Brooks of ETF Securities revealed that investors are moving out of gold ETFs to focus on more cyclical metals like palladium.
Palladium Market Update (April 5, 2013)
A brief overview of palladium price developments, supply and demand and significant market movers.
Russian Data Supports Palladium Supply Concerns
Data regarding key Russian palladium sources appears to support deficit forecasts.
Company News
Colossus’ Serra Pelada Mine Set to Begin Production in Q3 2013
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) provided an update on its Brazil-based, 75-percent owned Serra Pelada gold-platinum-palladium mine, commenting that the mine is on track to begin production of 250 metric tons per day in Q3 2013.
North American Palladium Downgraded by Raymond James, HSBC
The Globe and Mail reported that Raymond James analyst Alex Terentiew has downgraded North American Palladium Ltd. (TSX:PDL,AMEX:PAL) to "market perform" from "outperform," while Sam Crittenden, an analyst at RBC Dominion Securities, moved his rating from "sector perform" down to "underperform."
Stillwater Provides Q1 Earnings Report
Stillwater Mining Company (TSX:SWC.U, NYSE:SWC) announced its first quarter income attributable to common stockholders, which amounts to $14.6 million, or approximately $0.12 per share.
Noront Resources Issues Interest Shares
Noront Resources Ltd (TSXV:NOT) announced that pursuant to a loan agreement between the company and Resource Capital Funds V L.P., it has paid interest for the first quarter of 2013 through the issuance of 474,941 common shares at a price of $0.2942/interest share to RCF.
Market News
US Palladium Bar Price Up 4.6 Percent This Week
MetalMiner reported that the US palladium bar price increased by 4.6 percent this week, the third week in a row that the price of the metal has risen.
Chinese Palladium Bar Prices Down 5.7 Percent
MetalMiner reported that yesterday, Chinese palladium bar prices fell by 5.7 percent, while prices for US palladium bars went up by 1.7 percent.
Norilsk Nickel Forecasts 2013 Palladium Deficit of 1 Million Ounces
Mining Weekly reported that Norilsk Nickel OAO (MCX:GMKN), the world's top palladium producer, thinks that in 2013 the palladium deficit will rise 25 percent on the back of falling supplies. That will bring the deficit up to about 1 million troy ounces.
Can Auto Stocks Show Where the PALL ETF Will Go Next?
InvestorPlace reported that because palladium tends to trade in tandem with auto stocks, auto stocks can indicate — sometimes weeks ahead of time — what the ETFS Physical Palladium Shares (ARCA:PALL) will do next.
