Last Updated : June 02, 2011 08:38
TD Securities looks for $2,000 platinum, $1,000 palladium by 2013
By Allen Sykora TD Securities looks for
Platinum to top $2,000 an ounce and
Palladium to surpass $1,000 by 2013. Both rose with other commodities last week and have risen further this week, with some of the support coming from worries about power supplies in South Africa as Eskom interrupted power to
Aluminium smelters, TDS says.
“Strong demand from automakers and a drop in supply is pointing to a structural shortage in the coming years,” TDS says. “Shrinking secondary supplies left to balance the physical market (are) convincing markets that PGMs, and
Palladium in particular, have lots of upside.
Investment bank chatter about the tightening conditions in the PGMs space is also likely serving as support for the metal, as are geopolitical risks in Africa and rising costs.”
By Allen Sykora of Kitco News; asykora@kitco.com
NCDEX POTATOFAQJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
