Citi Bank Increases Palladium Price Forecast

Platts reported that Citi Bank said that its 2013 price forecast for palladium was up 4.2%, while its long term price outlook went up by 13.3% at $680 per ounce.

As quoted in the market news:

Looking at the PGMs, “both platinum and palladium price expectations have been upgraded in light of South African production disruptions and Angloplats production review. However, Citi retains a preference for palladium over platinum in the medium term.

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