09.07.2014 - Palladium Caps Longest Rally in 14 Years as Demand Gains
Palladium capped the longest rally since 2000 on signs that demand will climb for the metal used in pollution-control devices in cars amid lower supplies from South Africa, the world’s second-largest producer. Palladium has gained 22 percent this year as output slowed during a five-month strike by 70,000 employees in South Africa that ended last month. Auto sales in the U.S. headed for the biggest year since 2007, while retail deliveries of cars, multipurpose and sport utility vehicles climbed 14 percent in China last month, the Passenger Car Association said..........................................Full Article: Source
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