Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Purchasing
RSS
Reprints/License
Print
Email
Average Rating:
  • (0)
    Rate this:
  • Palladium prices poised for an increase

    By Tom Stundza -- Purchasing, 5/23/2007 2:19:00 PM

    Palladium supplies are dwindling while demand is surging, creating a situation where spot prices have been averaging $367/ounce over the past two months and some forecasts as high as $420.

    Sales will rise 6.5% in 2007, forecasts precious metals consultant CPM Group, because of continued growth of use in car-exhaust systems and jewelry. According to Johnson Matthey, palladium use in catalytic converters rose 3.9% in 2006 to 4.02 million ounces. And, with platinum averaging $1,312/ounce so far this month, palladium still is the cheaper alternative, according to a Bloomberg News Service report.

    Some analysts, such as Michael Gambardella at J.P. Morgan Securities in New York, see expanded use ahead for palladium in other applications as well, especially if the metal’s price average stays around his forecast of $386 for this year. Gambardella writes that “with demand for platinum so tight and the creation of exchange-traded funds, or EFTS, threatening to create a price spike, expect a bigger move by end users to the more cost-effective palladium.”

    Average Rating:
  • (0)
    Rate this:
  • RSS
    Reprints/License
    Print
    Email
    Talkback
    Related Content

    No related content found.

    »MORE

    Reed Business Information Resource Center

    Featured Company


    Most Recent Resources

    Advertisement
    Sponsored Links
    More Content
    • Blogs
    • Featured Video

    Sorry, no blogs are active for this topic.

    VIEW ALL BLOGS RSS

    Advertisement
    BizConnect160x160
    BizConnect160x160
    NEWSLETTERS
    Price & Supply Alert
    The Midday Business Report
    Electronics Distribution & Global Sourcing
    IdeaFile
    Supplier Web Locator



    Please read our Privacy Policy

    About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   FREE Subscription   |   Affiliate Links   |   RSS
    © 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
    Use of this Web site is subject to its Terms of Use | Privacy Policy
    Please visit these other Reed Business sites