The palladium sector, following the lead of the platinum sector, is reported to have been severely affected by the financial crisis, with early estimates showing that the metal’s gross surplus almost doubled to nearly 650 000 oz in 2008. For full story, clik here
Palladium was the only precious to be on the positive track on Monday, as the equity rally deteriorated the flight to safe haven investments. Palladium’s near term outlook remains bleak, as reports from Europe said that car registrations dropped 18 percent in February.
If the auto industry recovers and starts buying again, that’s good for the Pd companies because prices rebound and probably shoot up past their equilibrium price . For full story, click here
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