Palladium Prices Set to Rise in 2011, Platinum Surplus to Increase
Source: Commodity Online (7/25/11)
"Platinum is expected to witness another sizeable gross surplus in 2011."
Platinum, which witnessed a sharp growth in 2010 at one million ounces, is expected to witness another sizeable gross surplus in 2011. This is partly due to the fact that mine output is set to rise from forecast gains in North America.
Palladium saw a return to large gross deficit estimated at 550,000 ounces in 2010 and will see an increase in prices to $975 before the end of the year. Growth in auto-catalyst demand to a 10-year high in 2010 on rebounding car sales and demand from the electronics industry helped support Palladium prices. . .View full article