North American Palladium: Palladium's outlook is bright

Note: This section contains information in English only.
Source: Marketwatch
Palladium is likely to be one of the top-performers in the nearest future amid rising demand and tough supply, said Jeff Swinoga, CEO of North American Palladium. Currently, global palladium supply stands at 6.8 million ounces, with the largest output coming from South Africa and Russia. At the same time, world's vehicle production is expected to grow from 77 million units to 100 million units in the next four years, according to IHS. Meanwhile, TD Bank and BNP Paribas expect palladium price to approach 1,000 US Dollars per ounce in the next years.

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