“Demand for palladium, last quarter’s best-performing precious metal, is exceeding supply for a second consecutive year as mine production stagnates while sales by automakers, the biggest buyers, reach record highs.
Consumption will beat production by 511,000 ounces in 2013, or about what the car industry uses every seven weeks, Barclays Plc estimates. Morgan Stanley expects deficits to persist until at least 2017 and predicts a record annual price average in 2014. Palladium will average at least $770 an ounce in the fourth quarter, or 14 percent more than now, according to the three most-accurate forecasters tracked by Bloomberg Rankings over the past two years….”
If you enjoy the content at iBankCoin, please follow us on Twitter
