Palladium consumption to hit all-time high in 2017 – Nornickel

Palladium consumption is heading for an all-time high of 10.8-million troy ounces, which will leave the market in a deficit of more than one-million ounces in 2017, according to the world’s largest producer of the precious metal. Russia’s Nornickel said on Tuesday that it retained a positive outlook for the palladium market, on the back of continuing demand growth from the automotive sector and a lack of new primary supply.