Palladium Performs and Why It Continues To Increase in Price
By GCRU Gold News on Tuesday, May 6 2014, 11:17 - Permalink
One reason why Palladium prices have jumped is because of the increase in the world demand for better and more stringent pollution controls. In particular India and China have lead the way in the growth of demand due to their increase in the amount of population driving cars and other vehicles on the road that require pollution controls in the form of catalytic converters.
China is home to the fastest-growing automobile market in the world. In China last year, the number of cars on the road jumped by nearly 40 percent. Sales of domestically produced automobiles soared by 55 percent. The number of cars is expected to increase at least 10-15% per year through the rest of the decade. The number could even be larger because the Chinese are discovering new car financing. Imagine what will happen when 1.6 billion people discover no money down, five-year car loans!!!