Palladium Gains on Higher Demand in China

Bloomberg reported nickel and palladium are expected to gain on increased buying in China.

As quoted in the market news:

Aluminum, nickel, palladium and gold may benefit from China’s shift toward consumption-driven growth from an economy fueled by investment, while agricultural products are set to lag behind, according to Barclays Capital.

Commodities with so-called strong links to rising living standards and changing tastes such as coffee stand to gain from the transformation, analysts led by Kevin Norrish wrote in a report dated yesterday. The growth in demand for steel, copper and zinc may slow as their intensity of use drops, they said.

Click here to read the full Bloomberg report.