The world’s top palladium producer, Norilsk Nickel said on...

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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