Palladium is primarily mined in only a handful of different countries. South Africa dominates the supply of platinum group metals, accounting for nearly 80% of global production. Russia has also made a name for itself as being a major provider of this commodity through out the years. The gap between supply and demand is expected to come in at nearly 915,000 troy ounces in 2012, after a 1.255 million surplus in 2011, as production fell 6% around the world.
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