Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 08, 2013 14:47:35

Cars are causing sales to a record deficit palladium



ColosseumConsultancy firm LMC Automotive, stated that last year the worldwide cars sales increased to a record 80 million pieces. In this year, projects growth of 2.4% to 82.7 million. Barclays Company anticipates that, this year's consumption of palladium will be the automotive industry through the expansion of 511,000 ounces more than the production. On the production side have been recorded in the last year significant problems. The output of the mines has been reduced by 11 percent. Also Russia has vypredalo their extensive national reserves. Hedge funds invest in a large, and use futures and options are kept most palladium in the last three years. Metal price today is increasing by 0.8 percent to $ 672.7 per troy uncu.

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