Palladium has many diverse applications — it is used for industrial and medical purposes and can even be found in jewelry.
Absa Capital's platinum exchange-traded fund has achieved much success since its launch earlier this year. Now, the firm is making plans to launch a palladium equivalent by the end of 2013.
Palladium fell into a slump midway through August, but most analysts agree that it is still set to perform well this year.
Palladium continues to thrive as other precious metals struggle to make up the losses they have incurred since mid-April.
Palladium is doing better than analysts predicted at the start of 2013.
Palladium is a rare metal that is from the same group as platinum, but has the malleability and ductility of gold.
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.
Nick Brooks of ETF Securities revealed that investors are moving out of gold ETFs to focus on more cyclical metals like palladium.
A brief overview of palladium price developments, supply and demand and significant market movers.
Data regarding key Russian palladium sources appears to support deficit forecasts.