Emission Control and Russian Depletion Underpin Bullishness in Palladium
BonTradeCrude oil eased in European session as stock markets retreated after disappointed earnings results. USD's recovery against major currencies (with the exception GBP) also weighed on oil and other commodities. In the precious metal complex, gold and silver retreated while PGMs remained firm. While US' proposal to reduce carbon emission from autos has been positive for platinum and palladium, Norilsk Nickel's comment about Russian state stockpile is exceptionally bullish for the latter.
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Emission Control and Russian Depletion Underpin Bullishness in Palladium
