| Home | October 2011News | Russia's Plans to Cut Sales Could Push Palladium Price up 50% says Pan American Metals of Miami. |
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 Russia's Plans to Cut Sales Could Push Palladium Price up 50% says Pan American Metals of Miami.- Russia's Plans to Cut Sales Could Push Palladium Price up 50% says Pan American Metals of Miami.
- October 19, 2011
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Palladium is poised for a sharp rise in price as Russia says it will discontinue sales in 2013.
MIAMI, FL - Russia is one of the few countries with sources of palladium ore, which are extremely rare; the majority of palladium ore is found in South Africa and Zimbabwe but sales from Russia's stockpile have been pivotal. The palladium market is likely to experience a shortage as supplies from Russia decline and some market analysts predict a recovery in price as high as 50%.
"Like platinum, palladium is heavily used in auto parts," says Bill Hionas of Pan American Metals of Miami. "Over h...
- View more at: http://www.1888pressrelease.com/russia-s-plans-to-cut-sales-could-push-palladium-price-up-50-pr-343780.html
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