Palladium – In a report for Sprott Inc. (TSX:SII), David Franklin noted that 2012 demand statistics for palladium will be bullish for the metal this year and recommended that miners take positions in the metal itself.
Palladium – ETF Securities reported that palladium is rallying on the back of increasing expectations of a "meaningful" palladium deficit in 2013.
Palladium – MetalMiner reported that the US palladium bar price increased by 4.6 percent this week, the third week in a row that the price of the metal has risen.
Palladium – MetalMiner reported that yesterday, Chinese palladium bar prices fell by 5.7 percent, while prices for US palladium bars went up by 1.7 percent.
Palladium – Mining Weekly reported that Norilsk Nickel OAO (MCX:GMKN), the world's top palladium producer, thinks that in 2013 the palladium deficit will rise 25 percent on the back of falling supplies. That will bring the deficit up to about 1 million troy ounces.
Palladium – InvestorPlace reported that because palladium tends to trade in tandem with auto stocks, auto stocks can indicate — sometimes weeks ahead of time — what the ETFS Physical Palladium Shares (ARCA:PALL) will do next.
Palladium – Bloomberg reported that in a report released Thursday, Thomson Reuters GFMS said that palladium recorded the highest deficit in 11 years in 2012. The deficit was caused by increased demand and less supply as a result of strikes at South African mines.
Palladium – Reuters reported that palladium declined 2.7% on news that the demand for new vehicles in the European Union continues to weaken.
Palladium – Bloomberg reported that palladium slid 5.4% on the Tokyo Commodity Exchange after a sell-off brought about by a drop in spot prices and a stronger yen.
Palladium – Reuters reported that Japan Oil, Gas and Metals National Corp (JOGMEC) confirmed the presence of 188 tons of palladium in South Africa’s Waterberg region.
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