Russian palladium supply seen slipping 2 pct in 2014-GFMS
By GCRU Gold News on Saturday, August 30 2014, 00:03 - Permalink
Supply of autocatalyst metal palladium from Russia is expected to fall 2 percent this year, GFMS analysts said on Friday, but the impact of potential sanctions over the Ukraine conflict is likely to be minimal.
Speculation that the stand-off between Moscow and the West over Ukraine could hurt output from Russia has helped prices of the metal hit 13-1/2 year highs this month at $905 an ounce. Russia is the number one source of palladium, accounting for more than 40 percent of supply last year.