22.05.2014 - Palladium Rises to 33-Month High on Supply Concerns
Palladium futures rose to a 33-month high as South African supply concerns spurred demand for exchange-traded products backed by the metal used in jewelry and pollution-control devices in cars. In South Africa, the world’s second-biggest producer, workers at the top three mining companies have been on strike since late January, crippling output. Investors boosted their holdings of ETPs to a record 86 metric tons on May 19, data compiled by Bloomberg show. Futures have climbed 16 percent this year.............................................Full Article: Source
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