With limited delivery, high deficits and interest from speculative investors, during the last three months, palladium prices have increased by 40 percent.
The price of this metal, It is used mainly in the production of reproductive vehiclesOn Friday, silver had risen by $ 1,185.40 a ounce in morning trade to $ 1,220 a barrel.
"We see the stable limits of many years, $ 1,200 for the next mental illness," said Mitsubishi's analyst Jonathan Butler, who hopes to win $ 1,300.
Instead, analysts at Citibank commented The physical market of pallium is one of the hardest in the past two decades.
Car maker Johnson Mathai is expected to hit 239,000 oceans this year. GFMM's analysis predicts that in the next three years, over one million million ounces of bill will cost a certain amount per million. Every ounce every year.
China, the world's largest car market, has seen a fall in car sales this year. The second largest market in the world was in stagnant US markets.
80% of the palladium demand is responsible for the automotive industry
After the diesel scandal, the palladium market helps the European car developers turn to gasoline-based cars. This requires a large scale palladium for the production of art.
It adds to the fact Palladium stocks are going down. The Encyclopedia NASA observation stocks are followed by 46,965 ounces since 2003. This is in the lowest level since 2003. In addition, the stake in the church has fallen to more than 800,000 ounces from 2.6 million ounces in 2015.
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