The spot price of Palladium is unlikely to rise significantly this year due to weakness in global light vehicle production, especially in China, United States and Europe
Palladium Demand Projected to Outstrip Supply
In its recent Platinum Group Metals market report, Johnson Matthey argued industrial demand would outstrip supply by almost 1m ounces in 2019 due to surging demand on stricter emissions standards
Meanwhile, some warn that Russia’s strategic stockpile of palladium is close to running out. Matthey estimated that 11.5 million ounces of palladium has been taken out from the inventories over the past decade.
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