Scrap palladium seen flooding market by 2008

Newswire

By Clare Black LONDON, Feb 27 (Reuters) - Supply of palladium from the secondary market could soar to 3.0 million ounces by 2008, from around 300,000 ounces currently as tough recycling legislation kicks in, a UK-based metals analyst said on Thursday. "A combination of sharply rising palladium grades in the 1995/2000 period, coupled with recycling legislation...leads us to believe that palladium supply from the secondary sector will rise to over 3 million ounces by 2008," John Fairley ...

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