Global Palladium Supplies to Drop in 2013
CHEMMONITOR.COM - In 2013, the market for palladium is going to face a deficit of about 740,000 ounces. The average cost for the material over the next couple of months to be set at USD 760 per ounce.
Decreased Russian stock sales will contribute to a fall in primary supplies to about 6.42 million ounces. Recycling is expected to rise by almost 7.5% to slightly over 2.45 million ounces. Demand for palladium is set to drop by around 3.5% to 9.6 million ounces.