Investors with the patience should look at the long-term outlook for Palladium

It has been reported that if Russia continues to sell off its stockpile of the metal at the present rate it will be depleted within five years.

Last year Russia, which accounts for about 40% of world annual production of around 8.6 million ounces, sold off 1.49 million ounces, double that of 2006. 

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Yesterday saw another good day for PGMs with Platinum hitting an all time high at $1965 an ounce and rhodium up $450 in London to record breaking $8525 an ounce, up by nearly 25% this year already after a meteoric rise of 23 % in 2007.

Rhodium is a by product of platinum production.

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Things are shaping up well for investors in the Platinum Group of Metals (PGMs).

Just to recap the group consists of Palladium, Rhodium, Iridium, Ruthenium, and Osmium as well as Platinum

Their principal use is as catalysts, that is that they allow or increase the efficiency of chemical processes.

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