Chinese Auto Sales May Provide Lift for Palladium
IBTimes reported increasing auto sales in China could give a lift to palladium, a precious metal used in the catalytic converters of cars and trucks.
Articles Tagged "catalytic converters"
Palladium: Price Forecasts for Short, Near and Long-Term Time Horizons
Following its recent dramatic rise, the question on everyone’s lips is what will the future bring for palladium price prospects in the short, near and long-term time horizons. Answers to these questions depend on both demand and supply dynamics for the metal.
Palladium Price Soaring
The price of palladium is soaring to a 25-month high on the back of rebounding automotive sales, ETF trading and concerns over a depletion of Russian stockpiles. The price has doubled in the past year, and some analysts see the trend continuing.
Palladium touches 11-month high
Palladium prices climbed to an 11 month high of $274.50 an ounce on Tuesday, as dollar weakness and growing investor risk appetite boosted the precious metals complex.
Palladium Falls as US Dollar Rises
Palladium and platinum values have tumbled on world markets as auto sales continue to stall, and the proposed 700 billion dollar bailout by Congress may or not be reconfigured to pass into law.
The ‘Now’ metal?
The demand from the consumer needs to take off if palladium is going to gain any footing in the industry. The question is whether or not the industry is up for the challenge.
