Palladium Gains on Higher Demand in China
Bloomberg reported nickel and palladium are expected to gain on increased buying in China.
Bloomberg reported nickel and palladium are expected to gain on increased buying in China.
The palladium market has bullish fundamentals. The question is whether they will pay off for short-term investors.
Bloomberg reported Norilsk Nickel (LSE:MNOD) said it is seeing higher demand for palladium which is driving prices higher.
Reuters reported precious metals moved higher on Thursday with palladium edging up.
Forbes reported China's economy has slowed down to 7 or 8% growth for 2012, but is still trading in high volumes of palladium and other metals.
Over the course of the year palladium appears to have lost its star power, but its time to shine may not be over.
Bloomberg reported OAO GMK Norilsk Nickel (OTCPINK:NILSY) said platinum group metals will rise up to 5% over the next.
Bloomberg reported palladium demand will fall short of supply by the most since 2007 this year.
Mining Weekly reported palladium demand will grow by 2.3% a year, compared with a 5%-a-year growth between 1981 and 2010.
Colossus Minerals Inc. (TSE:CSI) reports that its presentation at the 2011 Rodman & Renshaw Annual Global Investment Conference (Metals and Mining Track)is to be held on the September 11-13, 2011 at the Waldorf Astoria Hotel, 301 Park Avenue, in New York City.
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