when I read the citations today I got pretty excited that the company management should swing safety engineers into full compliance mode. 27 citations will bring a lot more inspections. govt. workers know the economy is bad too. job security for them. swc must comply swiftly. NOT like HL.
Palladium Shortage Looms on Low Sales 26 January 2012 Bloomberg Russia, the world's largest palladium producer, may sell the smallest amount of the metal from state stockpiles in at least eight years, creating shortages at a time of record demand from carmakers.
An 80 percent plunge in Russian inventory sales to 150,000 ounces will mean a deficit of 275,000 ounces in 2012, Barclays Capital estimates. Demand will exceed supply until at least 2015, Credit Suisse Group predicts. The price of palladium, used in autocatalysts, may climb as much as 27 percent to $882.50 an ounce this year, the highest since February 2001, according to the median of 28 analyst estimates.
The metal already rallied 29 percent from a one-year low in October on signs that economies may skirt recession. Autocatalysts are fitted to 95 percent of new cars and PricewaterhouseCoopers estimates that global light-vehicle production will reach a record for a third consecutive year. Carmakers will use 6.22 million ounces in 2012, twice the amount a decade ago, as supply drops for the first time since 2009, Barclays estimates.