Sitting on solid supply and demand fundamentals, palladium may have more room to grow even with the recent run-up in prices, this according to Phil Streible, senior market strategist at RJO Futures. “There’s no question on how high [palladium] could go because of the fact that there’s limited supply and it’s controlled by Russia and what little comes out of South Africa. With the new regulations on catalytic converters and fighting pollution, there’s a true demand for palladium,” Streible told Kitco News.
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