Christopher Wallace
Long/short equity, special situations

The Impossible Situation For North American Palladium

North American Palladium (NYSEMKT:PAL) is one of two North American producers of palladium and platinum. Palladium and platinum are both predominantly used by the automotive industry in the manufacture of catalytic converters which are used to control exhaust emissions. Both metals are also used in jewelry, in electronics as well as being subject to a growing amount of investment demand. These similarities lead to similar demand characteristics; both metals are typically mined together and therefore have similar supply characteristics. An overview of the platinum market can be found in my article The Case for Platinum ; the case for palladium is nearly identical, with demand increasing and supply reducing for both metals leaving each in a supply deficit....

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details