Mining Weekly reported analysts are anticipating palladium shortages in 2012 pushing prices to new highs.
As quoted in the market news:
The median of 28 analyst estimates compiled by Bloomberg calculates that the price of palladium may climb to $882.50/oz this year, the highest since February 2001. Shares of OAO GMK Norilsk Nickel, the world’s biggest palladium producer, rose 17% in Moscow trading this year. Mining companies are reportedly struggling to expand output fast enough to compensate for the decline in sales from Russian reserves.
