(Bloomberg) -- Palladium futures in New York rose
the most this year on forecasts for robust demand for the metal
used in jewelry and emission-control devices. Platinum fell.
Palladium sales will rise 6.5 percent in 2007, spurred by
consumption by automakers, according to consultant CPM Group.
The metal, up 9.5 percent in the past 12 months, may jump
34 percent to $500 an ounce by yearend, said Gerry Schubert, a
director of metals in London at Fortis, Belgium's biggest bank.
Read more at Bloomberg Commodities News
the most this year on forecasts for robust demand for the metal
used in jewelry and emission-control devices. Platinum fell.
Palladium sales will rise 6.5 percent in 2007, spurred by
consumption by automakers, according to consultant CPM Group.
The metal, up 9.5 percent in the past 12 months, may jump
34 percent to $500 an ounce by yearend, said Gerry Schubert, a
director of metals in London at Fortis, Belgium's biggest bank.
Read more at Bloomberg Commodities News
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