Investor Presentation - North American Palladium
Investor Presentation - North American Palladium
Investor Presentation - North American Palladium
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<strong>Palladium</strong> Market<br />
INVESTMENT DEMAND<br />
Exchange Traded Funds' Physical <strong>Palladium</strong> Holdings<br />
M oz. Pd.<br />
2.5<br />
2.0<br />
1.5<br />
1.0<br />
0.5<br />
SPPP-NYSE (Sprott)<br />
Mitsubishi<br />
SPAL-LSE Source<br />
SPDM-LSE iShares<br />
WITE-NYSE ETF Securities<br />
GLTR-NYSE ETF Securities<br />
Julius Baer<br />
PALL - NYSE ETF Securities<br />
MSL (Australia)<br />
<strong>Palladium</strong> ZKB<br />
PHPD LSE<br />
M oz. Pd.<br />
2.5<br />
2.0<br />
1.5<br />
1.0<br />
0.5<br />
0.0<br />
20-Apr-07 20-Mar-08 20-Feb-09 20-Jan-10 20-Dec-10 20-Nov-11 20-Oct-12<br />
0.0<br />
• Large increase in palladium investment demand<br />
• Investment demand driven by supply/demand fundamentals for palladium --<br />
constrained mine supply and growth in global vehicle production<br />
Source: CPM Group, as at May 13, 2013<br />
12
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