RE:Even with Pd down the bull made another charge today ! Global palladium production fell by 7% in 2020....
usage also fell don't have the figures on hand.
but with tightening rules on emissions, I'm sure the deficit will continue.
91% of reserves are in South Africa..... with the labour disputes and overall unrest can only bode well for palladium prices. All it takes is one problem there to arise and off we go for the price of PGMs. Don't wish them any problems. But they do tend to come up.
technically we had a good bounce today off of the 25 day moving avereage... macd signalled a buy. Let's see what happenes tomorrow. If we move into the 90s it'll be a great sign.