Although PLA produces platinum it also produces palladium,...

Although PLA produces platinum it also produces palladium, rhodium and gold (4E PGM). Here's the main reason the price of Palladium is skyrocketing.

Russia currently supplies about 45% of the world's supply of palladium, with a third of that coming from its strategic stockpile.

Though the official level of the Russian stockpile is a state secret, an off-the-cuff disclosure by a Finance Ministry official back in November suggested that the Russians may not have any more stockpile to sell into the market. They may have run out, or they simply see keeping the remaining metal on as a good investment idea.

If Russia has indeed exhausted or shut off state inventories of the metal, the world market will be in deficit in 2011.





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