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Stock market trading may focus on palladium and platinum

Stock market trading may focus on palladium and platinum
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Stock market trading may have a renewed interest in South Africa, after a new report revealed palladium output rose.

Output of the commodity from the country rose by five per cent in 2009, the study by GFMS stated.

Last year, world palladium mine supply dropped by one per cent to stand at 6.3 million ounces, but South African output increased to 2.48 million ounces.

Stock market traders may take notice of the position of the white metal, especially if they are looking for investments other than gold.

According to the GFMS, gross surplus of platinum "surged by 47 per cent to 849,000 ounces".

This is the largest increase in the 11-year data series by the consultancy, which added a rise in investor demand helped encourage the popularity of the metal.

A recovery in the motoring industry has helped push up the popularity of white metals, which could become more popular with investors than gold, the Telegraph previously reported.

Posted by Greg SeckerADNFCR-1681-ID-19738477-ADNFCR