Record car sales exacerbating Palladium shortages for 2013

By Emerging Money>,

Shutterstock photo

With record automotive sales expected of 83 million globally this year, the industry will continue to weigh on already deficient palladium and platinum supplies.

[caption id="attachment_76307" align="alignright" width="300" caption="Traffic in Bangkok, Thailand"] Image courtesy Roger Price: [/caption]

What we are seeing is an emerging market story based around the demand for precious metals, whereas gold is a global monetary policy story.

Gold doesn't have the same real end industrial demand as palladium, especially in emerging markets.

Stillwater Mining Co ( SWC , quote ) is the largest U.S. player and at one time was a significant holder of Russia's Norilsk Nickel until they recently divested.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Stocks:

More from Emerging Money


Emerging Money

Emerging Money

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by