PGM prices are forecast to continue rising in 2011. Palladium specifically is seen as continuing its rerating on the back of Chinese demand and declining Russian stockpiles.
As I see things, PLA sp has been pulled down by a very difficult start up at SH. The moment JIC can deliver an improvement could be the start of a serious rerating of the shares which can be fuelled further by a strong DFS on Rooderandt.
2011 may well be the opposite of 2010 for this.
BR Max
PLA Price at posting:
63.0¢ Sentiment: None Disclosure: Held