A shortage of palladium has seen prices skyrocketing to near 2001 records and led to a decline in physical holdings in exchange-traded funds backed by the precious metal, used to clean exhaust fumes from engines in gasoline-powered vehicles. Palladium jumped 56 percent last year, making it one of the best performing commodities, while ETF holdings posted a third annual decline. ETF outflows are probably going to meet this deficit and satisfy industrial consumers, said Robin Bhar, a London-based metals analyst at Societe Generale SA. Investors are also liquidating holdings to take profits, he said.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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