“The metal is forecast to be in a deficit of about 835,000 ounces this year, according to Citigroup Inc.,” according to Bloomberg. “The bank expects autocatalyst consumption to continue to rise, breaching 8 million ounces this year, although to some degree offset by sizeable increases in autocatalyst scrap, according to a report last month.”
Palladium demand is growing on an international scale, but, and this is important for PALL, supply is again having problems meeting that demand. The global palladium market has been in a supply deficit for six consecutive years.
Russia and South Africa are the two largest palladium-producing countries and it is widely believed Russian supplies of the metal are declining.
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