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<p>[QUOTE=&quot;gxseries, post: 573819, member: 4373&quot;]I have difficulty accepting GM&#039;s massive sell-off played a major role in the crash of palladium price. GM (if it is true) is just part of the picture. Annual palladium production is at somewhat 6 million ounces / annum. I don&#039;t see how a mere 102,000 oz hoarding and sell off can severely upset the price. </p><p><br /></p><p>Rather, the biggest factor for the huge upset with palladium prices is because of a hiccup with the Russian export politics. I&#039;m sure Scottishmoney can confirm this. Most of the world&#039;s palladium comes from Russia - I believe it&#039;s still around 60% at the moment and the rest coming from South Africa at 30%. The ratio was worse in the past. I maybe a few percent off but it is that high. </p><p><br /></p><p>It is indeed true that when word got out that Russia would not be exporting palladium, the automobile industry panicked and hoarded as much as they could. However I don&#039;t believe it was GM that made the loss. Rather it was Ford that lost a billion dollars and wrote it off.</p><p><br /></p><p>I want to know who wrote such awful newsletter.[/QUOTE]</p><p><br /></p>

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