NEW YORK ( TheStreet) -- Current demand for platinum and palladium from the auto industry, jewelry segment, and as an investment choice is strong, while labor and safety issues are constraining supply. In this scenario of growing deficit, North American Palladium (PAL) is likely to surpass its production guidance to best Stillwater Mining (SWC - Get Report), which anticipated production declines for 2010.North American Palladium plans to significantly increase its production. Preliminary assessment at the Offset Zone in the Lac des lles mine near Ontario, Canada is positive and this could boost production. "The Scoping Study shows that the Offset Zone project is financially robust and will enable continuation and expansion of LDI's production, while benefitting from lower production costs," said Chief Executive William J. Biggar in a press release on Monday. The company expects the cash costs of only $132 per ounce at this mine, thereby creating a significant value to the company.
Platinum, Palladium Stock Pick
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.