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Palladium and Palladium Investment News

On Friday, Palladium futures for June surged $15.40 to $358.05 an ounce. The price of palladium has jumped 37 percent this year. The biggest fluctuation of any commodity, palladium jumped 4.5 percent. One of the hottest investments going, palladium is drawing a great deal of attention, as demand for palladium rises, many palladium market analysts look for a long-term upward trend to continue. Said one palladium market expert, "The upside charge is nowhere near to its peak and I must continue to look at the palladium price to outperform platinum. I look for a target of around $600 before this long term trend runs out of steam."

Palladium took a moment to catch its breath midweek. After surviving a test of the $325 level on Friday, palladium maintained its poise and then sky-rocketed on strong buying interest on the Thursday fix and heavy volumes changing hands in London and NY on Friday.
Russia is the world's leading producer of Palladium. As more internal legislation is announced, driving up palladium's domestic demand, exports of palladium are likely to fall. Demand for palladium is expected to increase due to more use from the auto industry, especially as countries such as China are expected to purchase more, driving demand for Palladium even higher.
Norilsk Nickel, world's leading palladium producer, has said it intended to produce 2.90-2.95 million ounces of palladium in 2006, down from 3.133 million ounces in 2005. It did not explain the expected decline in palladium production. This does not include output from the palladium company's majority owned U.S. subsidiary, Stillwater Mining Co.
Palladium markets are heating up as the demand and price for palladium surges ahead. Investing in palladium is considered a smart move for the near and long-term by many market analysts, especially those who specialize in the palladium mining investments.
As with any investment, research palladium, learn the factors driving the surging palladium market, and palladium investment could be a wise move for smart investors, who recognize a shift in the palladium market.