PAL: Posted 12 Nov in the WSJ:
Palladium's investment prospects could be about to change, however. A new palladium exchange-traded fund is due to be launched by Absa Capital in South Africa in the coming months--a potential boon for palladium investment demand, according to Johnson Matthey. Absa's equivalent platinum exchange-traded fund accumulated 660,000 ounces of investment between its launch in April and the end of September this year, making it the biggest single platinum ETF in the market.
"Investment [is] the wild card in the overall supply-demand picture" for palladium, said Johnson Matthey in its report. "A proposed rand-denominated palladium ETF could generate additional demand from South African investors and push the market further into deficit."