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Palladium rebounds as BMW proves catalyst for growing shortage

Posted on 31 May 2011

Palladium’s biggest shortage in three decades means this year’s worst-performing precious metal may rebound as growth spurs record car sales and prompts Goldman Sachs Group Inc. to say the commodities bull market is intact.
The 1.6 million-ounce deficit seen by Standard Bank Plc explains why prices for the metal used in catalytic converters will rise 25 percent by Dec. 31, based on the median estimate in a Bloomberg survey of 24 analysts and traders……………………………………….Full Article: Source


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