Palladium prices are driven equally by industrial and investor demand, according to Jon Nadler, senior analyst with Kitco Metals.
(1888PressRelease) June 23, 2011 - MIAMI, FL - Jon Nadler, senior analyst with Kitco Metals, talking at the International Precious Metals Conference, explained that palladium is being equally driven by industrial and investor demand. The global recovery has meant increased auto sales and therefore increased, and continuing, demand for palladium for the manufacture of catalytic converters. At the same time, supplies have become uncertain, particularly from South Africa and Russia, two of the largest world sources of palladium, so supply versus demand remains a considerable factor. However, investors are also driving palladium, particularly through ETFs (Electronically Traded Funds) which have taken large amounts of all the platinum group metals from the market and hence boosted prices.
While palladium may not enjoy the popularity of gold, in terms of wealth protection, it continues to perform well due to demand not only from the automotive industry, but also from the jewelry industry, where it is a more affordable alternative to white gold or platinum. It is also widely used in electronics.
Palladium was discovered in 1803, making it the newest of the precious metals. Over half of the total world supply of palladium goes into the manufacture of catalytic converters and ore deposits are quite rare.
"The unique properties of palladium make its bullion a fascinating financial instrument," says Bill Hionas of Pan American Metals of Miami (PAMM). "Those interested in taking a palladium bullion position should contact us today for more information."
Over the last five years, palladium has risen from around $300 to close to $800 an ounce. On June 21 PAMM was showing palladium up $18 at $766.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and brokers who combine many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Palladium prices are driven equally by industrial and investor demand, according to Jon Nadler, senior analyst with Kitco Metals. 
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