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Impala Platinum Sees 2011 Palladium Deficit of 560,000 Ounces

Impala Platinum Holdings Ltd. said global palladium demand may outstrip supply by about 560,000 ounces this year.

Platinum supplies may exceed demand by about 20,000 ounces in 2011 while the rhodium market may have a 55,000 ounces surplus, Impala said in a copy of a presentation posted on its website today.