platinum shortfall for 2012/13, page-7

The world’s top palladium producer, Norilsk Nickel said on Tuesday that “PGMs have investment potential comparable or even greater than gold.” Platinum has moved 16% higher thus far this year, while palladium has advanced by 24% from its October lows. Existing platinum above-ground supplies might last no more than 7 months if production of the metal were to be halted. A Norilsk official puts the price of palladium at $2,100 in five years’ time, while he also sees a 50% gain (to $2,500) as possible in platinum. Gold would have to touch $5,100 to mirror the kind of performance that Norilsk envisions in palladium

http://www.kitco.com/ind/Nadler/feb082012.html

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