Palladium Price Depletes in China
Palladium’s surge in price may come to an end after a four year holding of the most expensive title over Platinum. This is due to China’s fewer car sales and incentives as well as lower purchases by investment funds.
“The market is overplaying the supply shortage in palladium,” said Bayram Dincer, a commodities analyst at LGT Capital Management in Pfaeffikon, Switzerland. “Based on the long-term ratio average, the price of platinum should at best stagnate and the price of palladium should decrease.”
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Mon, May 10, 2010
Post by Mike Rodger, Palladium Reporter