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Wednesday, May 18 2016

Palladium left out of precious metals rally; investors shy away

Investor appetite for palladium-backed exchange-traded funds is failing to pick up after a dismal 2015, pointing to another difficult year for the metal despite the prospect of a deepening supply deficit.

"It is a big concern," Julius Baer analyst Carsten Meneke said. "Palladium had been a consensus bullish call for quite some time, and our fear was always what would happen if investors lost patience with that call."

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Thursday, April 9 2015

Is This $2 Billion Buy A Sign Of Opportunity In Palladium?

Critical item for the global platinum-group metals market this week. Suggesting that big changes may be ahead for buying and pricing in this space.

Major Russian PGM miner Norilsk said in an interview that it is creating an investment fund to buy palladium. Looking to consolidate much of the world’s privately-held stock of the metal under one umbrella.

Norilsk’s head of strategic marketing, Anton Berlin, told Bloomberg that the planned palladium fund will be of significant scale. With managers looking to buy up to $2 billion worth of the metal.

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Tuesday, January 20 2015

Palladium is a Metal Rarer Than Gold. Now It's Even More Rare, Thanks to Cheap Oil

The lowest oil prices in five years and cheap bank loans are helping to extend a rebound in automobile sales that began in 2009, boosting demand for everything from catalytic converters to Alcoa Inc. (AA:US)’s aluminum sheets and Goodyear Tire & Rubber Co.’s wheels. Even after palladium prices soared to a 13-year high in September, Morgan Stanley and Deutsche Bank AG remain bullish because car parts account for 70 percent of the metal’s use.

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Saturday, November 22 2014

In Putin’s Russia, Gold and Palladium Hoard You!

The volume of palladium in Gokhran’s reserves is a state secret, but it holds one of the world’s biggest gold and currency reserves of around $460 billion, Reuters reported. By doling some of this out to Norilsk, Putin could help Potanin, a loyal ally, and help himself by boosting Norilsk’s ability to turn a profit in what is sure to be a brutal Russian economic landscape in 2015. By acquiring more gold and platinum and selling it to his friends in Russian industry, Putin’s finance ministry can then artificially boost the bottom lines of other Russian industrial giants. Palladium, of course, will need to be in supply deficit as Potanin is predicting it will be.

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Monday, October 13 2014

Palladium Still the Fairest Precious Metal

BMO Capital Markets made waves last week with the announcement that it’s lowered its price expectations for gold, silver and platinum.

That’s bad news for precious metals investors, but luckily there’s still one such metal that the firm believes will do well. That, of course, is palladium.

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Wednesday, October 1 2014

Standard Bank’s palladium ETF lists on the NSE

AfricaPalladium has attracted 560 000oz of palladium valued in excess of R5 billion from investors since its inception on 24 March, 2014, on the Johannesburg Stock Exchange (JSE).

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Tuesday, September 23 2014

Palladium Fell 12% in September, Trading at its 200-day SMA

Palladium is an element is used in electronics, fuel cells, and is important in filtering harmful gasses from exhausts into less harmful substances. In the past couple of months, we have seen commodity prices fall across many asset classes. Gold, silver, copper, oil, dairy etc. Palladium prices have been falling sharply as well. In the daily chart we can see that most of the year was bullish for Palladium, rising from a low on the year at 693.50 to 910.30. After this 30% gain prices fell to about 800 today (9/22), fading about 12% in September. Maybe we can expect some consolidation around 800?

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Friday, September 12 2014

Is gold losing its shine?

Mike Kane, CEO of Hedgeable, explains why palladium may be overtaking gold as the most attractive precious metal for investors, what it means, and why it is not necessarily just a temporary fixture.

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Wednesday, September 10 2014

The Hottest Metal On The Planet Breaks Support

When it comes to the metals complex, it's not been that great of a year for Gold or Silver. On the flip side, Palladium has had a very good year. It was up near 25% YTD a couple of weeks ago.

Of late, Palladium is breaking a support line that has been in place the past 9 months. I am of the opinion it pays to watch leadership. Keep a close eye here on Palladium price action over the next few weeks.

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Saturday, August 30 2014

Russian palladium supply seen slipping 2 pct in 2014-GFMS

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.

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Palladium price pushes past $900/oz on Russian uncertainty

Palladium was the star performer in the precious metals complex on Friday, with further supply concerns in an already strong demand environment pushing the metal above $900 for the first time in 13 years.

The metal has been toying with this psychological level for weeks and only managed break through on the current climate of uncertainty over Russian supplies.

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Saturday, August 23 2014

This surprising metal is crushing gold

While everyone is staring at gold, one surprising precious metal is trouncing it: palladium.

The metal is up 22 percent this year, and earlier this week, it made 13-year highs as it broke above $900 per troy ounce. Gold, meanwhile, is only up 5 percent in 2014.

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Monday, August 18 2014

Palladium skyrockets on Russia tensions, hits 13-year high

Palladium hit $900 a troy ounce on Monday for the first time since 2001, taking this year’s price gain to 25%.

The precious metal has benefited from real and potential supply disruptions in South Africa and Russia, the two main producing countries.

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Thursday, August 7 2014

Palladium weakens as bulls head for exit

The top performing precious metal of 2014 is beginning to come under pressure.

Since reaching its highest level in almost 14 years three weeks ago, palladium, used in catalytic converters that clean car exhausts, has dropped more than 4 per cent. It fell as much as 0.9 per cent to $835.90 a troy ounce on Wednesday, underperforming sister metal platinum as well as gold and silver.

Analysts say there is no fundamental reason for the recent weakness other than profit-taking by investors who have built large positions in palladium, a byproduct metal produced from platinum and nickel mines.

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Tuesday, July 29 2014

Stricter emissions control in China to drive palladium prices higher

Tight supply and stricter vehicle pollution control standards on the mainland will continue to be key drivers of higher prices of palladium this year and next year, even as the industrial metal’s price reached a 13-year peak, analysts say.

The roll-out of the stringent National IV vehicle emissions standard and Beijing’s order last month to take pollution-prone pre-National III “yellow-label” vehicles nationwide off the road this year will drive up demand for new cars.

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Palladium poised for record year in 2014, again in 2015

Palladium will reach its highest yearly price on record this year and could top that in 2015 as expectations for lower South African output combine with a recovery in demand and doubts over Russian supply, a Reuters poll showed. Palladium, which has averaged $777 an ounce in the first half, is expected to average $805.50 an ounce in the full year, up more than 10 percent from 2013 and its highest since Reuters data began in 1984, a survey of 31 analysts and traders showed.

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Saturday, July 19 2014

Market looking for palladium to hit $1,000/oz in 2014; strong fundamentals

The market is looking for palladium to hit $1,000/oz before the end of 2014, as the industrial/precious metal continues its bull run, various sources told Platts this week.

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Wednesday, July 16 2014

Palladium Buys Most Gold Since ’04 on Shortage

Palladium, a metal used in pollution-control devices, is trading near the highest price to gold in a decade as increasing global car sales coincide with supply disruptions caused by labor disputes in South Africa.

Global car sales will reach a record 72.13 million units this year, Scotiabank estimated in a report in June. Palladium demand will outstrip supply by 1.61 million ounces, the most since at least 1980, according to Johnson Matthey Plc, which makes a third of the world’s catalytic converters.

“We’re looking this year at a huge deficit so I wouldn’t be surprised if the rally continues and it closes in on gold,”

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Saturday, June 14 2014

Strike widens world’s palladium shortage

THE most costly mine strike in South Africa’s history has compounded the longest global production shortfall in 14 years for palladium, just as car makers are set to use record amounts of the precious metal.

Output of the commodity used mostly to cut vehicle emissions will trail demand by a record high of

1.6-million ounces this year, after the strike idled 60% of supplies from the world’s second-largest producer, according to autocatalyst maker Johnson Matthey.

Prices have gained 22% since January and touched a 13-year high on Thursday. Analysts expect a further 11% increase in New York prices to $950/oz by year end, a Bloomberg survey showed.

Even though miners said on Thursday they had agreed on a deal "in principle" to end the strike, Morgan Stanley says output deficits will still last at least until 2018 as surging car sales from North America to China boost demand for catalytic converters.

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Thursday, June 12 2014

Palladium hits 13-year high on supply worries, strong demand

Palladium jumped to its highest level since early 2001 on Wednesday, benefitting from a five-month strike in South Africa and strong demand from the auto sector.

Palladium has risen 20% so far this year, underpinned by supply worries after a South African strike over wages took out 40% of global platinum output and hit the domestic economy. The country is the world’s second-biggest producer of palladium.

A fresh round of wage settlement talks between the main mine workers’ union and major platinum producers broke down on Monday, when the metal rose 1.7%. It touched a peak of $862.50 an ounce on Wednesday, its highest level since February 2001. Prices rose 0.8% to $859.75 an ounce by 3.03pm GMT.

"Palladium strengthened on the back of the strike situation in South Africa... the collapse of the mediation talks has been the main trigger, clearly indicating the supply situation is tightening,"

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