By SIMON CONSTABLE
The big run-up in palladium prices isn't over yet.
Double-digit returns are likely in store over the next few months.
Increased interest in the metal from investors, as well as a relatively tight supply-demand balance, should propel prices even higher over the next half-year. Like gold, palladium is considered a precious metal, but it is overwhelmingly used for industrial purposes. Two-thirds of the production gets used in catalytic converters for automobiles, and another 13% is consumed by the electronics industry. Read more here.
The big run-up in palladium prices isn't over yet.
Double-digit returns are likely in store over the next few months.
Increased interest in the metal from investors, as well as a relatively tight supply-demand balance, should propel prices even higher over the next half-year. Like gold, palladium is considered a precious metal, but it is overwhelmingly used for industrial purposes. Two-thirds of the production gets used in catalytic converters for automobiles, and another 13% is consumed by the electronics industry. Read more here.
No comments:
Post a Comment