Supply and Demand Issues Likely to Boost Palladium ETF
Monday, August 16th, 2010Kevin Grewal submits:
Increased demand from global automakers and supply issues are expected to pose an opportunity in palladium and its exchange traded funds.
Palladium, similar to its much more expensive sister platinum, is used in vehicle exhaust catalysts to control emissions in automobiles. Demand for palladium is expected to be supported from a recovery in automotive sales as well as the passage of stricter emissions and regulations on automobiles in the United States, Europe and Asia. In Europe, the region is moving to fully implementing regulation on emissions from diesel engines and in Asia sales of automobiles are expected to remain healthy.
