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Palladium rises to 13-year high

Posted on 19 August 2014

Palladium futures climbed to a 13-year high on concern that global supplies will trail demand for the metal used in pollution-control devices in cars, exacerbating a deficit. Gold fell. Through August 15, palladium jumped 25 percent this year following a five-month mine strike that ended in June in South Africa, the world’s second-biggest producer.
The conflict in Ukraine spurred the US and European Union to impose sanctions on Russia, the top supplier. Production will trail demand this year by the most ever after the strike, according to London-based Johnson Matthey Plc, which makes a third of the world’s catalytic converters………………………………………..Full Article: Source


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