Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
Continue reading "Palladium in limbo over auto bailout"
Monday, December 1, 2008
The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. Palladium at $184/192 an ounce against $187.50. For full story, click here
Continue reading "Palladium at $184/192 an ounce against $187.50"
Tuesday, November 18, 2008
Palladium is just another metal that is having a bad year, and according to an industry report things will not be looking up anytime soon. The outlook for palladium in certain applications is positive, however deteriorating economic conditions around the globe continue to impact price.
Continue reading "Poor economy downplays fundamentally stable Palladium"
Tuesday, November 18, 2008
Surplus in the palladium market is set to fall to 320,000 oz in 2008, according to new research. For full story, click here
Continue reading "Palladium surplus falls to 320,000 oz"
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Tuesday, December 16, 2008