Palladium Rallies as 2013 Deficit Expectations Grow
ETF Securities reported that palladium is rallying on the back of increasing expectations of a "meaningful" palladium deficit in 2013.
Palladium Market News Directory
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.
Palladium Supply Falls 4 Percent in 2012 as Demand Grows by 5 Percent
Bloomberg reported that in a report released Thursday, Thomson Reuters GFMS said that palladium recorded the highest deficit in 11 years in 2012. The deficit was caused by increased demand and less supply as a result of strikes at South African mines.
Palladium Slides on Weak Demand for Cars in EU
Reuters reported that palladium declined 2.7% on news that the demand for new vehicles in the European Union continues to weaken.
Palladium Slides in Tokyo on Spot Price Drop, Stronger Yen
Bloomberg reported that palladium slid 5.4% on the Tokyo Commodity Exchange after a sell-off brought about by a drop in spot prices and a stronger yen.
JOGMEC Confirms Significant Palladium Discovery in South Africa
Reuters reported that Japan Oil, Gas and Metals National Corp (JOGMEC) confirmed the presence of 188 tons of palladium in South Africa’s Waterberg region.
Palladium Rises After 3-Month Low
Reuters reported that palladium was up 1.6% as the dollar weakened on Thursday, triggering bargain hunting.
